Bill Text: MS HB191 | 2016 | Regular Session | Introduced
Bill Title: Bail agents; establish fee to defray cost of Electronic Bondsman Registry and Bail Bond Database.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2016-02-23 - Died In Committee [HB191 Detail]
Download: Mississippi-2016-HB191-Introduced.html
MISSISSIPPI LEGISLATURE
2016 Regular Session
To: Insurance
By: Representative Chism
House Bill 191
AN ACT TO CREATE A NEW SECTION TO ESTABLISH A FEE TO BE PAID BY THE BAIL AGENT UPON EVERY BAIL BOND WRITTEN IN THIS STATE TO DEFRAY THE COSTS FOR THE IMPLEMENTATION AND OPERATION OF THE ELECTRONIC BONDSMAN REGISTRY AND THE BAIL BOND DATABASE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Upon every bail bond written in this state there shall be a fee of one and one-half percent (1.5%) to be paid by the bail agent on the gross premium required by Section 83-39-25. This fee shall be paid to the Insurance Department and shall be placed into the special fund in the State Treasury designated as the "Insurance Department Fund" to be used to defray the costs associated with the implementation and operation of the Electronic Bondsman Registry and the Bail Bond Database. The term "gross premiums" shall mean the total gross amount of premiums, commissions or fees received on the bail bond. However, the one and one-half percent (1.5%) fee provided for in this section shall not be levied against any bail bond written that is subject to the imposition of the premium tax pursuant to Section 27-15-109.
SECTION 2. This act shall take effect and be in force from and after July 1, 2016.
