DE HB86 | 2017-2018 | 149th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on August 30 2017 - 100% progression
Action: 2017-08-30 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on August 30 2017 - 100% progression
Action: 2017-08-30 - Signed by Governor
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 of series limited liability companies.
Title
An Act To Amend Title 18 Of The Delaware Code Relating To Captive Insurance.
Sponsors
| Rep. Bryon Short [D] | Sen. Brian Bushweller [D] | Sen. Catherine Cloutier [R] | Sen. Ernesto Lopez [R] |
| Rep. Helene Keeley [D] | Rep. Michael Ramone [R] | Rep. Daniel Short [R] |
Roll Calls
2017-06-13 - Senate - Senate Third Reading (Y: 18 N: 0 NV: 0 Abs: 3) [PASS]
2017-05-16 - House - House Third Reading (Y: 38 N: 0 NV: 1 Abs: 2) [PASS]
2017-05-16 - House - House Third Reading (Y: 38 N: 0 NV: 1 Abs: 2) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-08-30 | Signed by Governor | |
| 2017-06-13 | Passed By Senate. Votes: 18 YES 3 ABSENT | |
| 2017-06-07 | Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits | |
| 2017-05-17 | Assigned to Banking, Business & Insurance Committee in Senate | |
| 2017-05-16 | Passed By House. Votes: 38 YES 2 ABSENT | |
| 2017-03-29 | Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 9 On Its Merits | |
| 2017-03-21 | Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House |
