DE HB411 | 2015-2016 | 148th General Assembly
Status
Spectrum: Bipartisan Bill
Status: Engrossed on June 28 2016 - 50% progression, died in chamber
Action: 2016-06-28 - Passed by House of Representatives. Votes: Passed 37 YES 0 NO 1 NOT VOTING 3 ABSENT 0 VACANT
Text: Latest bill text (Draft #1) [HTML]
Status: Engrossed on June 28 2016 - 50% progression, died in chamber
Action: 2016-06-28 - Passed by House of Representatives. Votes: Passed 37 YES 0 NO 1 NOT VOTING 3 ABSENT 0 VACANT
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill corrects an unintended consequence of House Bill No. 15 of the 148th General Assembly, signed into law by the Governor on June 24, 2015, by preventing double taxation of premium ceded to a series captive insurance company or protected cell. This bill also precludes premium taxation of series limited liability companies, exclusive of any series thereof, when premium is written only in the series of such series limited liability companies.
Title
An Act To Amend Title 18 Of The Delaware Code Relating To Captive Insurance.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-06-28 | House | Passed by House of Representatives. Votes: Passed 37 YES 0 NO 1 NOT VOTING 3 ABSENT 0 VACANT |
| 2016-06-15 | House | Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 8 On Its Merits |
| 2016-06-08 | House | Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House |
