Bills › HF 2636 › What changed
What changed in HF 2636
The bill as introduced, compared with the version both chambers passed (90th General Assembly).
It passed exactly as introduced.
Removed AddedIntroduced textText as passedAmendments
Compares wording only. The printed bills also mark changes to existing law with strikes and underlines, which aren’t shown here.
Section 1. Section 432.1A, subsection 2, paragraph c, Code 2024, is amended to read as follows:
6 unchanged passages
c. The amount of reinsurance tax due from a captive company under paragraph “a” shall be calculated as follows:
(1) Two-tenths Two hundred thousandths of one percent on the first twenty million dollars of assumed reinsurance premiums written.
(2) One-eighth One hundred twenty-five thousandths of one percent on the twenty million dollars of assumed reinsurance premiums collected written after the first twenty million dollars of assumed reinsurance premiums collected written under subparagraph (1).
(3) Five Forty-five thousandths of one percent on each dollar the twenty million dollars of assumed reinsurance premiums collected written after the twenty million dollars collected written under subparagraph (1) and the twenty million dollars collected written under subparagraph (2).
(4) Twenty thousandths of one percent of each dollar of assumed reinsurance premiums written after the twenty million dollars written under subparagraph (1), the twenty million dollars written under subparagraph (2), and the twenty million dollars written under subparagraph (3).
Sec.
2. EFFECTIVE DATE. This Act, being deemed of immediate importance, takes effect upon enactment.