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SB32: Reducing insurance company premium tax rates and discontinuing remittance and crediting of a portion of the premium tax to the insurance department service regulation fund.
In CommitteeSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill aims to reduce insurance company premium tax rates. It also stops a portion of the premium tax from going into the state's insurance department service regulation fund.
Who This Affects
Kansas residents who buy insurance will likely see lower premiums as a result. This change may benefit individuals, families, and businesses that purchase insurance in the state.
Key Provisions
• Reduces insurance company premium tax rates
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Timeline
Introduced
Thursday, January 16, 2025
Last Action
House Motion to accede adopted; Representative Sutton, Representative Bergkamp and Representative Neighbor appointed as conferees
Mar 18, 2025
Sponsors
No sponsors listed.
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