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SB189: relative to the insurance premium tax.

Bill status: Signed by Governor

Citation
2019 SB189
Official source

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

House status
Passed/Adopted
Senate status
Passed/Adopted
Committee
House Ways and Means
Hearing
04/10/2019 at 01:30 PM
Selected version
Current official bill text

Sponsors

Topics

Taxation Insurance

Official links

CHAPTER 141

SB 189-FN - FINAL VERSION

2019 SESSION

19-1061

01/05

SENATE BILL 189-FN

AN ACT relative to the insurance premium tax.

SPONSORS: Sen. Kahn, Dist 10

COMMITTEE: Ways and Means

ANALYSIS

This bill establishes a flat rate on surplus lines policies for purposes of the insurance premium tax.

This bill is a request of the insurance department.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-1061

01/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Nineteen

AN ACT relative to the insurance premium tax.

Be it Enacted by the Senate and House of Representatives in General Court convened:

141:1 Insurance Premium Tax; Flat Rate on Surplus Lines Policies. Amend RSA 405-B:4, II(b) to read as follows:

(b) An amount equal to 3 percent on the portion of the premiums allocated to other states or territories [on the basis of the tax rates and fees applicable to properties, risks or exposures located or to be performed outside this state], less

141:2 Single Home State Rate; Independently Procured Under RSA 406-B:16. Amend RSA 405-B:5, II(b) to read as follows:

(b) An amount equal to 3 percent on the portion of the premiums allocated to other states or territories [on the basis of the tax rates and fees applicable to properties, risks or exposures located or to be performed outside this state], less

141:3 Single Home State Rate; Independently Procured Under RSA 406-B:6, II(b). Amend RSA 405-B:6, II(b) to read as follows:

(b) An amount equal to 4 percent on the portion of the premiums allocated to other states or territories [on the basis of the tax rates and fees applicable to properties, risks or exposures located or to be performed outside this state], less

141:4 Effective Date. This act shall take effect January 1, 2020.

Approved: June 25, 2019

Effective Date: January 01, 2020