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NC S31

Bill

Official Source

Status

Introduced

1/31/2013

Primary Sponsor

Fletcher Hartsell

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • Modifies allocation of gross premium tax proceeds on insurance companies under G.S. 105-228.5(d)(3)

  • Redirects portion of net proceeds from property coverage insurance tax: 27% to Department of Insurance for Workers' Compensation Fund for volunteer safety workers and 18% to Office of State Treasurer for North Carolina Firemen's and Rescue Squad Workers' Pension Fund

  • Removes previous provision directing remaining net proceeds to General Fund

  • Becomes effective July 1, 2013 and does not obligate appropriations

Legislative Description

Workers' Comp Fund/Safety Workers Allocation

Last Action

Ref to Commerce. If fav, re-ref to Finance

2/4/2013

Committee Referrals

Finance2/4/2013

Full Bill Text

No bill text available