Mississippi Legislature
2007 Regular Session

House Bill 678

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Bill Text

History of Actions

Background

Title

Description: Health insurance policies; impose tax on premiums of to generate funds for Burn Care Fund.

Bill Text: [Introduced]

History of Actions:

1 01/09 (H) Referred To Insurance;Ways and Means
2 02/21 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committees:

Principal Author: Hines

Additional Authors: Fleming, Mayo

Title: AN ACT TO IMPOSE UPON INSURANCE COMPANIES DOING BUSINESS IN THE STATE AN ANNUAL TAX ON THE PREMIUMS COLLECTED ON HEALTH INSURANCE POLICIES AND CONTRACTS OF THE COMPANY WRITTEN IN OR COVERING RISKS LOCATED IN THIS STATE; TO PROVIDE THAT THE TAX SHALL BE AT A RATE DETERMINED BY THE COMMISSIONER OF INSURANCE THAT WILL GENERATE PROCEEDS EQUAL TO $5,000,000.00 ANNUALLY; TO PROVIDE THAT THE PROCEEDS GENERATED BY THE TAX SHALL BE DEPOSITED INTO THE MISSISSIPPI BURN CARE FUND; TO AUTHORIZE INSURANCE COMPANIES THAT ARE SUBJECT TO THE TAX TO COLLECT A PORTION OF THE AMOUNT OF THE TAX FROM THE HEALTH INSURANCE POLICYHOLDERS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/21/07 at 15:45.

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