HB 24-1119 CO Became Law
Multi-State Tax Filing System for Insurance Taxes
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Summary
The act requires insurance premium taxes, surplus lines taxes, and other associated state-specific insurance tax filings to be filed through a secure web-based application identified by the division of insurance. The act also authorizes the commissioner of the division of insurance (commissioner) to contract with a third party to provide a secure web-based application system that allows premium taxes, surplus lines taxes, and other state-specific filings to be filed for multiple states on a single web-based application system. The commissioner is authorized to promulgate rules to implement, operate, and enforce the requirements of the act. The act applies to tax filings submitted on or after January 1, 2025. APPROVED by Governor March 22, 2024 EFFECTIVE March 22, 2024(Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Tisha Mauro Democratic · primary
- Rick Taggart Republican · primary
- Jim Smallwood · primary
Action history (13)
- Mar 22, 2024 Governor Signed · executive
- Mar 19, 2024 Sent to the Governor · executive
- Mar 18, 2024 Signed by the President of the Senate · upper
- Mar 18, 2024 Signed by the Speaker of the House · lower
- Mar 11, 2024 Senate Third Reading Passed - No Amendments · upper
- Mar 8, 2024 Senate Second Reading Passed - No Amendments · upper
- Mar 5, 2024 Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
- Feb 28, 2024 Introduced In Senate - Assigned to Finance · upper
- Feb 26, 2024 House Third Reading Passed - No Amendments · lower
- Feb 23, 2024 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Feb 22, 2024 House Committee on Finance Refer Amended to House Committee of the Whole · lower
- Feb 5, 2024 House Committee on Finance Witness Testimony and/or Committee Discussion Only · lower
- Jan 26, 2024 Introduced In House - Assigned to Finance · lower
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