Bills › 90th General Assembly

HSB 121Died when the session ended · February 1, 2023

HSB 121

Topics:InsuranceTaxes

Where it is now

  1. Done: IntroducedFebruary 1, 2023
  2. Done: SubcommitteeFebruary 1, 2023
  3. Stopped: House committeeDied when the General Assembly ended
  4. Next: Passes the House
  5. Next: Senate committee
  6. Next: Passes the Senate
  7. Next: To the Governor
  8. Next: Signed into law

Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

AI summary Insurance companies will pay a lower tax rate on the money they collect from customers. This change lowers the tax from its current rate to 0.90 percent starting in 2024 and continuing in the future.1

Read the official explanation

This bill relates to the insurance premium tax rates on the gross amount of premiums received by an insurance company. The bill reduces the insurance premium tax on the gross amount of premiums received by an insurance company from to .90 percent for the 2024 calendar year and subsequent calendar years.

Full bill text2

House subcommittee

Named February 1, 2023. Meeting: Tuesday, February 7 · 8:00 AM · RM 19.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§432.1

How the Code works3

Lobbying

13 for · 0 against · 8 undecided · Who →