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HB23-1111

Unauthorized Insurance Premium Tax Rate

Concerning harmonization of the unauthorized insurance premium tax rate with the surplus lines insurance premium tax rate.
Session:
2023 Regular Session
Subjects:
Fiscal Policy & Taxes
State Revenue & Budget
Bill Summary

The act increases the unauthorized insurance premium tax rate from 2.25% to 3% in parity with the surplus lines insurance tax rate.

APPROVED by Governor March 31, 2023

EFFECTIVE January 1, 2024

NOTE: This act was passed without a safety clause.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/31/2023 Signed Act PDF
    03/22/2023 Final Act PDF
    03/10/2023 Rerevised PDF
    03/09/2023 Revised PDF
    02/13/2023 Reengrossed PDF
    02/10/2023 Engrossed PDF
    01/23/2023 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. S. Bird
Sen. C. Hansen

Sponsor


Sen. L. Liston

Co-sponsor

Rep. M. Duran, Rep. M. Lindsay, Rep. W. Lindstedt, Rep. T. Mauro, Rep. J. McCluskie, Rep. N. Ricks, Rep. M. Snyder

Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details