Loading chat...
ID S1145
Bill
Status
4/3/2013
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
-
Extends the temporary premium tax reduction for sureties and self-insurers from January 1, 2012, through December 31, 2015 (previously set to expire December 31, 2013)
-
Reduces premium tax rate to 2% for sureties and self-insurers during the extended period (down from the standard 2.5%)
-
Maintains a minimum premium tax payment of $75.00 for both sureties and self-insurers
-
Allows insurers to deduct 50% of premium tax paid to the industrial administration fund from taxes owed to the department of insurance for worker's compensation premiums during the extended period
Legislative Description
Amends existing law relating to worker's compensation to extend a temporary premium tax reduction and to extend certain deduction provisions.
WORKER'S COMPENSATION
Last Action
Signed by Governor on 04/03/13 Session Law Chapter 254 Effective: 07/01/13
4/3/2013