HB 7

Delaware House bill in Session 153.

Status: enacted. Latest action: April 14, 2025.

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO TAXES.

Bill ID DE-153-HB-7
Session 153
Status enacted
Committee Economic Development/Banking/Insurance & Commerce
House enacted 2025-04-14
Summary

This bill resolves an internal inconsistency in the Insurance Code regarding the timing of payment of taxes for captive insurance companies and surplus lines brokers. Sections 1917 and 6914 of the Insurance Code specifically address the amount and timing of taxes due for surplus lines brokers and captive insurance companies, respectively. Surplus lines brokers and captive insurance companies will continue to pay premium taxes in accordance with Sections 1917 and 6914, respectively, as they have historically.

Sponsor
Bush
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-16 Introduced Bill introduced
2025-04-14 Status enacted
2025-04-14 Latest Action Signed by Governor
More Bills From This Sponsor
More Bills In This Topic
Related Topics
Same Topic Bills From Other States