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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

Email addresses for the Colorado legislature have changed from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details
The effective date for bills enacted without a safety clause (unless otherwise specified) is August 7, 2023. Details
The 2023 Ballot Information Booklet (Blue Book) is now available. Details