Unauthorized Insurance Premium Tax Rate
Summary
The act increases the unauthorized insurance premium tax rate from 2.25% to 3% in parity with the surplus lines insurance tax rate. APPROVED by Governor March 31, 2023 EFFECTIVE January 1, 2024 NOTE: This act was passed without a safety clause. (Note: This summary applies to this bill as enacted.)
Bill status
signed
all 5 stages cleared
Introduction
Jan 2023
Committee Review
Mar 2023
House Passage
Feb 2023
Senate Passage
Mar 2023
Signed into Law
Mar 2023
Introduced Jan 23, 2023
Signed Mar 31, 2023
Floor votes · Senate Mar 10, 2023 · House Feb 13, 2023
How they voted
23–7
Passed
Total votes 30
Mar 10, 2023
D
Democratic21
100% Yea
R
Republican9
77% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
5
Committee
2
Mar 31, 2023
Signed into law
Governor Signed
executive
Mar 10, 2023
Upper · Passed
Senate Third Reading Passed - No Amendments
upper
Mar 7, 2023
Upper · Passed
Senate Committee on Finance Refer Unamended to Senate Committee of the Whole
upper
Feb 13, 2023
Introduced
Introduced In Senate - Assigned to Finance
upper
Feb 13, 2023
Lower · Passed
House Third Reading Passed - No Amendments
lower
Feb 9, 2023
Lower · Passed
House Committee on Finance Refer Unamended to House Committee of the Whole
lower
Jan 23, 2023
Introduced
Introduced In House - Assigned to Finance
lower
2 primary · 0 co-sponsors
Sponsors
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