Bill Text | History of Actions | Background | Title |
Description: Insurance premium tax; authorize a credit for the location or expansion of operations centers or claims centers.
Bill Text: [Introduced] [Passed Senate]
| 1 | 01/10 (S) Referred To Insurance;Finance | |
| 2 | 01/20 (S) DR - TSDP: IN To FI | |
| 3 | 02/17 (S) Title Suff Do Pass | |
| 4 | 02/22 (S) Passed | |
| 5 | 02/23 (S) Transmitted To House | |
| 6 | 02/24 (H) Referred To Insurance;Ways and Means | |
| 7 | 03/08 (H) DR - TSDP: IN To WM | |
| 8 | 03/15 (H) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committees:
House Committees:
Principal Author: Kirby
Additional Authors: Browning, Chaney, King
Title: AN ACT TO PROVIDE A CREDIT AGAINST STATE PREMIUM TAX FOR INSURANCE COMPANIES THAT LOCATE OR EXPAND AN OPERATIONS CENTER OR PROCESSING CENTER IN THIS STATE IN AN AMOUNT EQUAL TO TEN PERCENT OF THE NEW INVESTMENT DIRECTLY RELATED TO THE NET NEW FULL-TIME JOBS CREATED BY THE LOCATION OR EXPANSION IN THIS STATE OF THE OPERATIONS CENTER OR CLAIMS CENTER; TO PROVIDE THAT ONLY INSURANCE COMPANIES WHOSE OPERATIONS CENTER OR CLAIMS CENTER INCREASE EMPLOYMENT BY AT LEAST TWENTY-FIVE NET NEW FULL-TIME EMPLOYEE JOBS SHALL BE ELIGIBLE FOR THE CREDIT; TO AUTHORIZE THE CREDIT TO BE CARRIED FORWARD FOR SEVEN YEARS; TO INCREASE THE STATE PREMIUM TAX LIABILITY FOR INSURANCE COMPANIES THAT SELL, DISPOSE OF, RAZE, OR OTHERWISE RENDER UNUSABLE ALL OR A PART OF THE LAND, BUILDINGS, OR OTHER EXISTING STRUCTURES FOR WHICH A CREDIT WAS CLAIMED; AND FOR RELATED PURPOSES.
End Of Document
2005/html/History/SB/SB2270.htm