Bill Amendment: AZ HB2275 | 2013 | Fifty-first Legislature 1st Regular
Bill Title: Insurance premium tax; reduction
Status: 2013-02-27 - House APPROP Committee action: Held [HB2275 Detail]
Download: Arizona-2013-HB2275-HOUSE_PROPOSED_AMENDMENT_Insurance_and_Retirement.html
Fifty-first Legislature IR
First Regular Session H.B. 2275
PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2275
(Reference to printed bill)
Page 1, line 29, after "cent" strike remainder of line insert "on"
Line 30, after "premiums" strike remainder of line; strike lines 31 through 35; line 36, strike "20-1060." insert "at the following rates:
1. For fire insurance:
(a) On property located in an incorporated city or town certified by the state fire marshal pursuant to section 9-951, subsection b, as procuring the services of a private fire company, .66 per cent.
(b) On all other property, 2.2 per cent.
2. For disability insurance, 2.0 per cent.
3. For health care service and disability insurance, the rates prescribed under sections 20-837, 20-1010 and 20-1060.
4. For other insurance:
(a) For premiums received in calendar year 2014, 1.9 per cent.
(b) For premiums received in calendar year 2015, 1.8 per cent.
(c) For premiums received in calendar year 2016 and every subsequent calendar year, 1.7 per cent.
C."
Reletter to conform
Line 36, strike "E" insert "F"
Line 37, strike "this subsection" insert "subsection B of this section"
Page 2, line 35, strike "C" insert "D"
Strike lines 43 and 44
Strike page 3, insert:
"I. For the purposes of:
1. Subsection B of this section, fire insurance is one hundred per cent of fire lines, forty per cent of commercial multiple peril lines, thirty-five per cent of homeowners' multiple peril lines, twenty-five per cent of multiple peril lines and twenty per cent of allied lines.
2. Section 20-416, fire insurance is eighty-five per cent of fire and allied lines."
Amend title to conform
PHIL LOVAS |
2275pl.doc
02/07/2013
2:56 PM
C: kcb
