Bills › 90th General Assembly
Relating to captive insurance companies, and including applicability provisions
Sponsored by the Senate Commerce Committee
Where it is now
- Done: IntroducedFebruary 27, 2023
- Done: SubcommitteeFebruary 28, 2023
- Done: Senate committeeMarch 2, 2023
- Skipped: Passes the SenateContinued as SF 549
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 549 → Its progress continues under the new number. Go to SF 549 What’s a funnel?
What changed before it passed The bill as introduced compared with the version both chambers passed.
Amendments · 4
3 adopted · 0 failed · 1 never voted on. Newest first.
- S-3127Strike everything · filed April 17, 2023 byNever voted onAI summary This amendment replaces the entire bill and establishes specific tax rates and rules for captive insurance companies. It sets annual tax percentages for different years, creates a minimum tax of $5,000, and places a $100,000 cap on aggregate taxes for most captive companies. The amendment also defines various types of captive companies and business terms used in the new regulations. Its wording →
- H-1239 · filed April 12, 2023 byAdoptedAI summary This amendment changes the specific tax percentages used for different calendar years. It updates the schedule to include new rates for the years 2024 through 2027 and beyond. Its wording →April 13, 2023
- H-1211Strike everything · filed April 12, 2023 byAdoptedAI summary This amendment replaces the entire bill and establishes specific tax rates and rules for captive insurance companies. It sets a minimum annual tax of five thousand dollars, provides rules for prorating that tax based on when a company starts or ends its operations, and caps certain taxes at one hundred thousand dollars. The amendment also defines various terms used in the regulation of these companies. Its wording →April 13, 2023
- S-3073 · filed March 14, 2023 by Sen. Mike Bousselot (R)AdoptedAI summary This amendment changes several tax rates and percentages mentioned in the bill. It also reduces a specific number from five to three. Its wording →March 14, 2023