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Section 38-45-55. Revenue.

SC Code § 38-45-55 (2019) (N/A)
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The revenue collected from the broker's premium tax rate imposed pursuant to the provisions of Sections 38-45-20(5), 38-45-30(4), and 38-45-190, must be credited to a special earmarked fund, distinct from the general fund, and expended only for the purposes provided in this chapter.

HISTORY: 2012 Act No. 283, Section 1, eff January 1, 2012.

Code Commissioner's Note

At the direction of the Code Commissioner, the reference to "38-45-30(6)" was corrected to reference "38-45-30(4)" to reflect the amendment of Section 38-45-30 by 2016 Act No. 194.

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Section 38-45-60. Accounting of state portion of broker's premium tax rate payment collected; distribution from earmarked fund.