Illinois General Assembly - Bill Status for SB0466
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 Bill Status of SB0466  103rd General Assembly


Short Description:  INS-SURPLUS LN TAX INCR

Senate Sponsors
Sen. William R. Haine and Martin A. Sandoval

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/445from Ch. 73, par. 1057


Synopsis As Introduced
Amends the Illinois Insurance Code. Reduces the tax paid by surplus line producers on policies effective prior to July 1, 2003. Requires that the tax rate in effect at the time of the policy effective date shall be the tax rate on all subsequent endorsements for that policy. Requires surplus line producers to file with the Director of Insurance certain information pertaining to submissions made by the producer to the Surplus Line Association of Illinois and at the time of the filing to pay to the Director the required surplus line taxes. Requires surplus line producers to file with the Director certain information pertaining to submissions made by the producer to the Surplus Line Association of Illinois concerning fire insurance policies and at the time of the filing to pay to the Director the taxes required by the Fire Investigation Act. Effective immediately.

Actions 
DateChamber Action
  2/16/2005SenateFiled with Secretary by Sen. William R. Haine
  2/16/2005SenateFirst Reading
  2/16/2005SenateReferred to Rules
  2/17/2005SenateAssigned to Insurance
  3/9/2005SenatePostponed - Insurance
  3/17/2005SenatePostponed - Insurance
  3/18/2005SenateRule 3-9(a) / Re-referred to Rules
  11/3/2005SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  1/9/2007SenateSession Sine Die

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