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]
| 1 | 01/09 (H) Referred To Insurance;Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/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.
End Of Document
2007/html/History/HB/HB0678.htm