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HB 3548 Illinois House · 99th Regular Session

INSURANCE TAX

Summary
Creates the Insurance Premium Tax Act. Imposes a tax on each authorized domestic, foreign, or alien insurer engaged in the business of entering into contracts of insurance or annuity in the State in an amount equal to 1.3% of the premiums and fees charged for those insurance policies. Provides that the proceeds from the tax shall be deposited into the Flood Catastrophe Fund and shall be used by the Department of Insurance for the purpose of providing reimbursement to insurers for a portion of their catastrophic losses due to flooding. Amends the State Finance Act to create the Flood Catastrophe Fund. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Apr 2015
Committee Review
Floor Vote
Governor
Introduced Apr 16, 2015 Last action Jan 10, 2017
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
21
Key actions
6
Committee
9
Amendments
2
Apr 24, 2015
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 26, 2015
Lower · Passed
Do Pass as Amended / Short Debate Economic Development & Housing Committee; 008-005-000
lower
Mar 26, 2015
Lower · Passed
House Committee Amendment No. 1 Adopted in Economic Development & Housing Committee; by Voice Vote
lower
Mar 26, 2015
Lower · Passed
Remains in Economic Development & Housing Committee
lower
Mar 26, 2015
Lower · Passed
Recommends Do Pass Subcommittee/ Economic Development & Housing Committee; 003-000-000
lower
Mar 24, 2015
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Economic Development & Housing Committee
lower
Mar 23, 2015
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 23, 2015
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Elizabeth Hernandez
lower
Mar 20, 2015
Lower · Passed
To Single Family Homeownership Stability Subcommittee
lower
Mar 10, 2015
Committee
Assigned to Economic Development & Housing Committee
lower
Feb 26, 2015
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

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