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Bill > SB122
WV SB122
WV SB122Funding volunteer fire departments through surcharge on fire and casualty insurance policies
summary
Introduced
01/09/2019
01/09/2019
In Committee
01/09/2019
01/09/2019
Crossed Over
Passed
Dead
03/09/2019
03/09/2019
Introduced Session
2019 Regular Session
Bill Summary
Funding volunteer fire departments through surcharge on fire and casualty insurance policies
AI Summary
This bill proposes to increase the surcharge on fire and casualty insurance policies from 55 cents per $100 of taxable premium to 1% of the taxable premium, starting on January 1, 2020. The additional revenue collected from this surcharge will be used to provide funding for volunteer and part-volunteer fire departments in West Virginia. The bill also specifies the procedures for collecting and distributing the surcharge funds, including the creation of a special "Fire Protection Fund" in the State Treasury to channel the proceeds to eligible fire departments.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
To Banking and Insurance (on 01/09/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=122&year=2019&sessiontype=RS&btype=bill |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=SB122%20INTR.htm&yr=2019&sesstype=RS&i=122 |
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