Bill Text | History of Actions | Background | Title |
Description: Insurance premium tax; authorize a credit of the location or expansion of operations/claims centers.
Bill Text: [Introduced] [Passed Senate]
| 1 | 01/04 (S) Referred To Insurance;Finance | |
| 2 | 01/19 (S) DR - TSDP: IN To FI | |
| 3 | 02/14 (S) Title Suff Do Pass | |
| 4 | 02/16 (S) Passed | |
| 5 | 02/17 (S) Transmitted To House | |
| 6 | 02/17 (H) Referred To Insurance;Ways and Means | |
| 7 | 02/21 (H) DR - TSDP: IN To WM | |
| 8 | 03/14 (H) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committees:
House Committees:
Principal Author: Kirby
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 10% 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 25 NET NEW FULL-TIME EMPLOYEE JOBS SHALL BE ELIGIBLE FOR THE CREDIT; TO AUTHORIZE THE CREDIT TO BE CARRIED FORWARD FOR 7 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
2006/html/History/SB/SB2145.htm