Amendment H-1239 to SF 549
Relating to captive insurance companies, and including applicability provisions
Adopted · April 13, 2023
Filed April 12, 2023 in the House by
What it changes
- Page 1, before line 5 by inserting: “Sec. ___. Section 432.1, subsections 2 and 4, Code 2023, are amended to read as follows:
- The “applicable percent” for purposes of subsection 1 of this section and section 432.2 is the following: a. For calendar years beginning before the 2003 calendar year, two percent. b. For the 2003 calendar year, one and three-fourths percent. c. For the 2004 calendar year, one and one-half percent. d. For the 2005 calendar year, one and one-fourth percent. e. For the 2006 and subsequent calendar years year through the 2023 calendar year , one percent. f. For the 2024 calendar year, nine hundred seventy-five thousandths of one percent. g. For the 2025 calendar year, ninety-five hundredths of one percent. h. For the 2026 calendar year, nine hundred twenty-five thousandths of one percent. i. For the 2027 and subsequent calendar years, nine-tenths of one percent.
- The “applicable percent” for purposes of subsection 3 is the following: a. For calendar years beginning before the 2004 calendar year, two percent. b. For the 2004 calendar year, one and three-fourths percent. c. For the 2005 calendar year, one and one-half percent. d. For the 2006 calendar year, one and one-fourth percent. e. For the 2007 and subsequent calendar years year through the 2023 calendar year , one percent. f. For the 2024 calendar year, nine hundred seventy-five thousandths of one percent. -1- H 1211.1638 (4) 90 ko/rn 1/ 2 g. For the 2025 calendar year, ninety-five hundredths of one percent. h. For the 2026 calendar year, nine hundred twenty-five thousandths of one percent. i. For the 2027 and subsequent calendar years, nine-tenths of one percent.”
- By renumbering as necessary.