BILL · 2005–06 SESSION · LATEST VERSION SSB 6578

SB 6578: Insurance premiums tax

Clarifying the taxation of insurers.

Summary

  • The Legislature finds that the insurance premiums tax is intended to be in lieu of any other tax imposed on the privilege of conducting an insurance business, but not in lieu of property taxes or retail sales taxes. The Legislature further finds that exemption of insurers from retail sales tax on services is unintentional, would be inequitable, and would be inconsistent with other excise tax statutes.

From the Senate Bill Report (SB 6578), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 16, 2006
  2. Out of committeeJan 30, 2006
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Craig Pridemore (D-49)
Introduced
January 16, 2006 in the Senate
Last action
February 11, 2006
Requested by
State agency
Companion bill
HB 2880
Budget
Has a fiscal note
Versions
SB 6578, SSB 6578

AN ACT Relating to insurance premiums tax;

Sponsors

Prime sponsor: Craig Pridemore (D-49)

Votes

No recorded floor votes.

History

  1. Made eligible to be placed on second reading. (SSB 6578)
  2. Made eligible to be placed on second reading.
  3. Passed to Rules Committee for second reading. (SSB 6578)
  4. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 6578)
  5. WM - Majority; 1st substitute bill be substituted, do pass.
  6. Passed to Rules Committee for second reading.
  7. First reading, referred to Ways & Means.

SB 6578 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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