SB189 (2019) Detail

Relative to the insurance premium tax.


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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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

 

 

Links

SB189 at GenCourtMobile
SB189 Discussion

Action Dates

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

Bill Text Revisions

SB189 Revision: 6433 Date: Dec. 3, 2019, 1:17 p.m.
SB189 Revision: 5926 Date: May 9, 2019, 3:52 p.m.
SB189 Revision: 5130 Date: Jan. 22, 2019, 9:02 a.m.

Docket

Date Status
Jan. 3, 2019 Introduced 01/03/2019 and Referred to Ways and Means; SJ 4
Feb. 6, 2019 Hearing: 02/06/2019, Room 100, SH, 09:30 am; SC 9
Feb. 14, 2019 Committee Report: Ought to Pass, 02/14/2019; SC 10
Feb. 14, 2019 Special Order to the Present Time, Without Objection, MA; 02/14/2019; SJ 5
Feb. 14, 2019 Ought to Pass: MA, VV; OT3rdg; 02/14/2019; SJ 5
March 20, 2019 Introduced 03/20/2019 and referred to Ways and Means HJ 11 P. 70
April 10, 2019 Public Hearing: 04/10/2019 01:30 pm LOB 202
April 23, 2019 Full Committee Work Session: 04/23/2019 01:00 pm LOB 202
April 30, 2019 Executive Session: 04/30/2019 01:30 pm LOB 202
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
May 8, 2019 Ought to Pass: MA VV 05/08/2019 HJ 15 P. 12
May 23, 2019 Enrolled 05/23/2019 HJ 16 P. 51
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
June 25, 2019 Signed by the Governor on 06/25/2019; Chapter 0141; Effective 01/01/2020