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HB0179 • 2006

Annuity premium tax.

AN ACT relating to annuity premium taxes; repealing the annuity premium tax; and providing for an effective date.

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Alden
Last action
2006-03-02
Official status
inactive
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0179HS001

Standing Committee • H07

Adopted

Plain English: Adopted Standing Committee by H07

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2006-03-02 Senate

    S Placed on General File; Did Not Consider in CoW

  2. 2006-03-02 Senate

    S07 Recommended Do Pass

  3. 2006-02-27 Senate

    S Introduced and Referred to S07

  4. 2006-02-27 Senate

    S Received for Introduction

  5. 2006-02-24 House

    H Passed 3rd Reading

  6. 2006-02-23 House

    H Passed 2nd Reading

  7. 2006-02-22 House

    H Passed CoW

  8. 2006-02-22 House

    Amendment Adopted

  9. 2006-02-22 House

    H Amendments Adopted

  10. 2006-02-22 House

    H Placed on General File

  11. 2006-02-22 House

    H07 Recommended Amend and Do Pass

  12. 2006-02-17 House

    H Introduced and Referred to H07

  13. 2006-02-15 House

    H Received for Introduction

  14. 2006-02-15 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
WORKING DRAFT
2006
STATE OF
WYOMING
06LSO-0460.E1

HOUSE BILL
NO.
HB0179

Annuity premium tax.

Sponsored by:
Representative(s) Alden, Buchanan, Davison, Hammons and Quarberg

A BILL

for

AN ACT relating to annuity premium taxes; repealing the annuity premium tax; making conforming amendments; and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 26
‑
4
‑
103(a)(intro), (i) and (b)(i)
(intro)
is amended to read:

26
‑
4
‑
103.

Premium taxes; generally; preemption by state.

(a)

Each authorized and formerly authorized insurer shall file with the commissioner on or before March 1 each year or within any extended period the commissioner grants not to exceed thirty (30) days, a report in a form the commissioner prescribes showing, except for wet marine and transportation insurance as defined in W.S. 26
‑
5
‑
107 and except as provided under subsection (k) of this section, total direct premium income including policy, membership and other fees, and all other considerations for insurance
and annuity
contracts, however designated, it received during the immediately preceding calendar year because of policies and contracts covering property, subjects or risks located, resident or to be performed in this state. The total direct premium income reported shall include proper proportionate allocation of premiums or consideration as to those persons, property, subjects or risks in this state insured or covered under policies or contracts covering persons, property, subjects or risks located or resident in more than one (1) state, and shall be computed after deducting:

(i)

The amount of return premiums on cancelled policies, but not including the return of cash surrender values on life policies
;

or annuity contracts
;
and

(b)

At the same time the report is filed, each insurer shall pay for the privilege of transacting business in this state, a tax upon net premiums and net considerations to be computed at the following rates:

(i)

As to each insurer, the tax rate
, except as to annuity considerations,
shall be as follows:

Section 2.

W.S. 26
‑
4
‑
103(b)(iii) is repealed.

Section 3.

This act is effective January 1, 2007.

(END)

1