Revision: Dec. 3, 2019, 1:17 p.m.
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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