CHAPTER 141
SB 189-FN - FINAL VERSION
2019 SESSION
19-1061
01/05
SENATE BILL 189-FN
AN ACT relative to the insurance premium tax.
SPONSORS: Sen. Kahn, Dist 10
COMMITTEE: Ways and Means
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ANALYSIS
This bill establishes a flat rate on surplus lines policies for purposes of the insurance premium tax.
This bill is a request of the insurance department.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-1061
01/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT relative to the insurance premium tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
141:1 Insurance Premium Tax; Flat Rate on Surplus Lines Policies. Amend RSA 405-B:4, II(b) to read as follows:
(b) An amount equal to 3 percent on the portion of the premiums allocated to other states or territories [on the basis of the tax rates and fees applicable to properties, risks or exposures located or to be performed outside this state], less
141:2 Single Home State Rate; Independently Procured Under RSA 406-B:16. Amend RSA 405-B:5, II(b) to read as follows:
(b) An amount equal to 3 percent on the portion of the premiums allocated to other states or territories [on the basis of the tax rates and fees applicable to properties, risks or exposures located or to be performed outside this state], less
141:3 Single Home State Rate; Independently Procured Under RSA 406-B:6, II(b). Amend RSA 405-B:6, II(b) to read as follows:
(b) An amount equal to 4 percent on the portion of the premiums allocated to other states or territories [on the basis of the tax rates and fees applicable to properties, risks or exposures located or to be performed outside this state], less
141:4 Effective Date. This act shall take effect January 1, 2020.
Approved: June 25, 2019
Effective Date: January 01, 2020
Date | Body | Type |
---|---|---|
Feb. 6, 2019 | Senate | Hearing |
Feb. 14, 2019 | Senate | Floor Vote |
Feb. 14, 2019 | Senate | Floor Vote |
April 10, 2019 | House | Hearing |
April 30, 2019 | House | Exec Session |
House | Floor Vote | |
May 8, 2019 | House | Floor Vote |
June 25, 2019: Signed by the Governor on 06/25/2019; Chapter 0141; Effective 01/01/2020
May 23, 2019: Enrolled 05/23/2019
May 30, 2019: Enrolled (In recess 05/30/2019); SJ 19
May 30, 2019: Enrolled (In recess 05/30/2019); SJ 19
May 23, 2019: Enrolled 05/23/2019 HJ 16 P. 51
May 8, 2019: Ought to Pass: MA VV 05/08/2019 HJ 15 P. 12
: Committee Report: Ought to Pass (Vote 19-0; CC)
May 8, 2019: Committee Report: Ought to Pass for 05/08/2019 (Vote 19-0; CC) HC 23 P. 7
April 30, 2019: Executive Session: 04/30/2019 01:30 pm LOB 202
April 23, 2019: Full Committee Work Session: 04/23/2019 01:00 pm LOB 202
April 10, 2019: Public Hearing: 04/10/2019 01:30 pm LOB 202
March 20, 2019: Introduced 03/20/2019 and referred to Ways and Means HJ 11 P. 70
Feb. 14, 2019: Ought to Pass: MA, VV; OT3rdg; 02/14/2019; SJ 5
Feb. 14, 2019: Special Order to the Present Time, Without Objection, MA; 02/14/2019; SJ 5
Feb. 14, 2019: Committee Report: Ought to Pass, 02/14/2019; SC 10
Feb. 6, 2019: Hearing: 02/06/2019, Room 100, SH, 09:30 am; SC 9
Jan. 3, 2019: Introduced 01/03/2019 and Referred to Ways and Means; SJ 4