Bill Text: CT SB00181 | 2011 | General Assembly | Introduced
Bill Title: An Act Exempting Municipal Insurance Contracts From The Insurance Premium Tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-01-18 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00181 Detail]
Download: Connecticut-2011-SB00181-Introduced.html
General Assembly |
Proposed Bill No. 181 |
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January Session, 2011 |
LCO No. 1223 | ||||
Referred to Committee on Finance, Revenue and Bonding |
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Introduced by: |
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SEN. WELCH, 31st Dist. |
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AN ACT EXEMPTING MUNICIPAL INSURANCE CONTRACTS FROM THE INSURANCE PREMIUM TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 207 of the general statutes be amended to exempt insurance contracts and policies entered into with a municipality to provide health insurance coverage to municipal employees, retirees and their dependents from the tax on net direct premiums received by domestic insurance companies.
Statement of Purpose:
To ease municipal costs by exempting municipal insurance policies from the tax on net direct premiums received by domestic insurance companies.