HB 7 Delaware House · 153rd General Assembly (2025-2026)

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO TAXES.

Summary

This bill resolves an internal inconsistency in the Insurance Code regarding the timing of payment of taxes for captive insurance companies and surplus lines brokers. Sections 1917 and 6914 of the Insurance Code specifically address the amount and timing of taxes due for surplus lines brokers and captive insurance companies, respectively. Surplus lines brokers and captive insurance companies will continue to pay premium taxes in accordance with Sections 1917 and 6914, respectively, as they have historically.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Jan 2025

Senate Passage

Mar 2025

Signed into Law

Apr 2025

Introduced Jan 16, 2025 Signed Apr 14, 2025

Floor votes · House Jan 28, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 14, 2025

Signed into law

Signed by Governor

executive

Mar 27, 2025

Upper · Passed

Passed By Senate. Votes: 19 YES 2 ABSENT

upper

Mar 19, 2025

Upper · Passed

Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 On Its Merits

upper

Jan 28, 2025

Introduced

Assigned to Banking, Business, Insurance & Technology Committee in Senate

upper

Jan 28, 2025

Lower · Passed

Passed By House. Votes: 36 YES 5 ABSENT

lower

Jan 22, 2025

Lower · Passed

Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits

lower

Jan 16, 2025

Introduced

Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

lower

4 primary · 0 co-sponsors