Bill Text: CT SB00590 | 2011 | General Assembly | Introduced

Connecticut Senate Bill 590 (Prior Session Legislation)

Introduced

Bill Title: An Act Exempting Municipal Insurance Policies From The Tax On Insurance Premiums.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-01-21 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00590 Detail]

Download: Connecticut-2011-SB00590-Introduced.html


General Assembly		*Proposed Bill No. 590*
*January Session, 2011*		LCO No. 1142

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. BOUCHER, 26th Dist.

AN ACT EXEMPTING MUNICIPAL INSURANCE POLICIES FROM THE TAX ON INSURANCE PREMIUMS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That chapter 207 of the general statutes be amended to exempt insurance contracts and policies entered into with a municipality to provide health insurance coverage to municipal employees, retirees and their dependents from the tax on net direct premiums received by domestic insurance companies.

Statement of Purpose:

To ease municipal costs by exempting municipal insurance policies from the tax on net direct premiums received by domestic insurance companies.