WV SB670 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-02-15 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-02-15 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Comm Sub) [HTML]
Summary
The purpose of this bill is to reallocate ten basis points of the one percent premium tax on fire insurance and casualty policies from the Teachers Retirement System to the Municipal Pensions Security Fund, and to decrease the amount of time in which a municipal policeman's or firefighter's pension and relief fund may be in noncompliance with the Municipal Pensions Oversight Board's investment requirements before it may be forced to invest with the state Investment Management Board.
Title
Reallocating portion of fire insurance and casualty premium tax to Municipal Pensions Security Fund in certain circumstances
Sponsors
| Sen. Eric Nelson [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-15 | Senate | To Finance |
| 2024-02-15 | Senate | Committee substitute reported, but first to Finance |
| 2024-02-06 | Senate | To Pensions |
| 2024-02-06 | Senate | Introduced in Senate |
| 2024-02-06 | Senate | To Pensions then Finance |
| 2024-02-06 | Senate | Filed for introduction |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 33 | 3 | 14d | Amended Code | Citation Text |
