S.C. Passes $100,000 Captive Premium Tax Cap A last minute rush to include captive insurer legislation, including a cap on premium taxes of $100,000, proved fruitful for the domicile of South Carolina.
A bill was passed on June 5 just moments before the legislature's summer recess.
At press time the bill awaited the “imminent” signature of Republican Governor Mark C. Sanford.
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