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Bill > HB566
LA HB566
LA HB566Dedicates a portion of the taxes collected on certain surplus lines of insurance (EN SEE FISC NOTE GF RV See Note)
summary
Introduced
04/02/2021
04/02/2021
In Committee
06/06/2021
06/06/2021
Crossed Over
05/04/2021
05/04/2021
Passed
06/10/2021
06/10/2021
Dead
Signed/Enacted/Adopted
06/15/2021
06/15/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 22:439(A)(1), relative to premium taxes on insurance coverage; to provide for disposition of the avails of the premium tax on surplus lines insurance coverage; to provide for an effective date; and to provide for related matters.
AI Summary
This bill amends Louisiana law to dedicate a portion of the taxes collected on certain surplus lines of insurance. Specifically, it provides that 96% of the 4.85% tax on gross premiums for surplus lines insurance will be credited to the state general fund, while the remaining 4% will be credited to the Louisiana Fire Marshal Fund. The bill does not change the overall tax rate, but rather specifies the allocation of the tax revenue. The bill is effective July 1, 2021.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Effective date: 07/01/2021. (on 06/15/2021)
Official Document
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