H.B. No. 0179

Annuity premium tax.

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

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

2/15/2006   Bill Number Assigned

2/15/2006   H Received for Introduction

2/17/2006   H Introduced and Referred to H07

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Berger, Brechtel, Brown, Buchanan, Bucholz, Childers, Cohee, Davison, Diercks, Edwards, Esquibel, Gay, Gilmore, Gingery, Goggles, Hageman, Hammons, Harshman, Harvey, Hastert, Hinckley, Iekel, Illoway, Jones, Jorgensen, Landon, Lockhart, Lubnau, Luthi, Martin, McOmie, Mercer, Meuli, Miller, Morgan, Olsen, Osborn, Pedersen, Petersen, Philp, Powers, Quarberg, Reese, Robinson, Samuelson, Semlek, Simpson, Slater, Thompson, Walsh, Warren, Wasserburger, White and Zwonitzer.

Excused:  Representative(s) Barnard, Jackson and Watt.

Ayes 57 Nays 0 Excused 3 Absent 0 Conflicts 0

2/22/2006   H07 Recommended Amend and Do Pass

ROLL CALL

Ayes:  Representative(s) Barnard, Diercks, Gingery, Illoway, Martin, McOmie, Mercer, Miller and Olsen

Ayes 9 Nays 0 Excused 0 Absent 0 Conflicts 0

2/22/2006   H Placed on General File

HB0179HS001/ADOPTED

Page 1-line 2           After "tax;" insert "making conforming amendments;".

Page 1-After line 4           Insert:

"Section 1.  W.S. 26‑4‑103(a)(intro),(i) and (b)(i) is amended to read:

6‑4‑103.  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:".

Page 1-line 8           Delete "July 1, 2006" insert "January 1, 2007".

Renumber as necessary. ILLOWAY, CHAIRMAN

2/22/2006   H Passed CoW

2/23/2006   H Passed 2nd Reading

2/24/2006   H Passed 3rd Reading

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Barnard, Berger, Brechtel, Brown, Buchanan, Bucholz, Childers, Cohee, Davison, Diercks, Edwards, Gay, Gilmore, Gingery, Goggles, Hageman, Hammons, Harshman, Harvey, Hastert, Hinckley, Iekel, Illoway, Jackson, Jones, Jorgensen, Landon, Lockhart, Lubnau, Luthi, Martin, McOmie, Mercer, Meuli, Miller, Morgan, Olsen, Osborn, Pedersen, Petersen, Philp, Powers, Quarberg, Reese, Robinson, Samuelson, Semlek, Simpson, Slater, Thompson, Walsh, Warren, Watt, White and Zwonitzer.

Excused:  Representative(s) Esquibel and Wasserburger.

Ayes 58 Nays 0 Excused 2 Absent 0 Conflicts 0

2/27/2006   S Received for Introduction

2/27/2006   S Introduced and Referred to S07

3/2/2006    S07 Recommended Do Pass

ROLL CALL

Ayes:  Senator(s) Meier, Mockler and Scott

Nays:  Senator(s) Hanes and Johnson

Ayes 3 Nays 2 Excused 0 Absent 0 Conflicts 0

3/2/2006    S Placed on General File; Did Not Consider in CoW