Jeni James Arndt
- Democratic
The act: Adjusts how calendar quarter estimates of the tax on insurance premiums are calculated and allows the payment for the first calendar quarter of a year to be adjusted to reflect the claiming of an allowable tax credit or previous estimated payments; Allows a company that has overpaid on its estimated premium tax liability to either apply the overpayment to future estimated payments or claim a refund; Provides that in calculating the amount of a refund, any nonrefundable tax credits claimed by the company are applied to the company's tax liability first, and the amount of the refund cannot exceed the total amount of any additional payments made by the company; Allows a taxpayer to claim a small business recovery tax credit or an affordable housing tax credit against estimated premium tax payments; and Provides for the transfer of small business recovery tax credits among affiliates.(Note: This summary applies to this bill as enacted.)
Governor Signed
Signed by the President of the Senate
Sent to the Governor
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
House Third Reading Passed - No Amendments
House Second Reading Passed with Amendments - Committee, Floor
House Committee on Finance Refer Amended to House Committee of the Whole
Bill Text Versions | Format |
---|---|
Signed Act (12/07/2020) | |
Final Act (12/04/2020) | |
Rerevised (12/02/2020) | |
Revised (12/01/2020) | |
Reengrossed (12/01/2020) | |
Engrossed (11/30/2020) | |
Introduced (11/30/2020) | |
PA1 (11/30/2020) | |
Committee Amendment |
Document | Format |
---|---|
Fiscal Note FN1 (11/30/2020) | |
Fiscal Note FN2 (01/04/2021) |
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