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Minutes for SB25 - Committee on Insurance
Short Title
Decreasing the premium tax rate imposed on surplus lines insurance from 6% to 3%.
Minutes Content for Mon, Mar 13, 2023
Chairman called for a discussion on the bill. Eileen Ma, Revisor provided a briefing on the balloon amendment. (Attachment 1)
Representative Neighbor moved, Representative Miller seconded, to recommend SB25 proposed Amendment adopted. Motion carried.
Representative Tarwater proposed an Amendment to reduce the percent from 4% to 2%.
Representative Tarwater moved, Representative Penn seconded, to recommend SB25 proposed Amendment adopted. Motion carried.
Representative Neighbor moved, Representative Dodson seconded, to recommend SB25 as amended favorably for passage. Motion carried.
