l9n/ Oregon

2019 Regular Session

House Bill 2787

Specifies that certain taxes related to transacting wet marine and transportation insurance in this state apply to authorized insurers.

Became law as Chapter 493, Oregon Laws 2019, signed June 25, 2019, 152 days after it was filed. In force from January 1, 2020.

What it does

The synopsis the Legislative Assembly published with the bill.

Specifies that certain taxes related to transacting wet marine and transportation insurance in this state apply to authorized insurers. Specifies that rate of taxation that applies to insurance producers that transact wet marine and transportation insurance is premium tax that is equal to three-fourths of one percent of gross premiums insurance producer receives on insurance placed with unauthorized or nonadmitted insurers, if the insured's home state is Oregon. <b>Requires producer of nonadmitted wet marine and transportation insurance to keep full and true record of each nonadmitted wet marine and transportation insurance contract placed on Oregon home state risk. Specifies required contents of record. Requires insurance producer that places wet marine and transportation insurance with nonadmitted insurer to collect taxes on insurance in addition to gross amount of premiums that producer and other intermediaries charge. Prohibits producer from absorbing or rebating any portion of taxes for any reason. Requires producer to file report with Director of Department of Consumer and Business Services. Permits director to collect taxes on 100 percent of gross amount of premiums on Oregon home state risks for purposes specified by law. Permits director to bring action against insurance producer to recover amount of unpaid tax.</b>

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

    1 co-sponsor

    HBL

    Its course

    January 24 to July 2, 2019, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action22 actions on 18 days

    In the House of RepresentativesJan 24 to Jun 3130 days

    Waiting for a committeeJan 24 to Jan 284 days

    Business and LaborJan 28 to Apr 264 days

    RevenueApr 2 to May 2957 days

    In the SenateJun 3 to Jun 1815 days

    Waiting for a committeeJun 3 to Jun 41 day

    Finance and RevenueJun 4 to Jun 1713 days

    With the GovernorJun 18 to Jun 257 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • House of Representatives, third reading57–0

      Passed · Jun 3 · 3 present

    • Senate, third reading29–0

      Passed · Jun 18

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives committee amendmentAdopted

      Adopted Apr 2

    • House of Representatives committee amendmentAdopted

      Adopted May 29

    Text

    Each version as the Legislative Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

    In the House of Representatives Jan 24 – Jun 3

    1. Jan 24Introduced
    2. Jan 28Sent to Business and Labor
    3. Mar 27Heard in Business and Labor
    4. Apr 1Heard in Business and Labor
    5. Apr 2Business and Labor recommended it as amended, and that it go to Revenue
    6. Sent to Revenue
    7. May 1Heard in Revenue
    8. May 28Heard in Revenue
    9. May 29Revenue recommended it as amended
    10. May 30Read a second time
    11. Jun 3Passed the House of Representatives, 57 to 0

    In the Senate Jun 4 – Jun 18

    1. Jun 4Arrived in the Senate
    2. Sent to Finance and Revenue
    3. Jun 11Heard in Finance and Revenue
    4. Jun 12Heard in Finance and Revenue
    5. Jun 17Finance and Revenue recommended it
    6. Read a second time
    7. Jun 18Passed the Senate, 29 to 0

    To the Governor Jun 19 – Jul 2

    1. Jun 19Signed in the House of Representatives
    2. Signed in the Senate
    3. Jun 25Signed by the Governor
    4. Jul 2Became chapter 493 of Oregon Laws 2019, in force from January 1, 2020
    All 22 actions, as published
    1. Jan 24First reading. Referred to Speaker's desk.House of Representatives
    2. Jan 28Referred to Business and Labor.House of Representatives
    3. Mar 27Public Hearing held.House of Representatives
    4. Apr 1Work Session held.House of Representatives
    5. Apr 2Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue.House of Representatives
    6. Apr 2Referred to Revenue by order of Speaker.House of Representatives
    7. May 1Public Hearing held.House of Representatives
    8. May 28Work Session held.House of Representatives
    9. May 29Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
    10. May 30Second reading.House of Representatives
    11. Jun 3Third reading. Carried by Nathanson. Passed.House of Representatives
    12. Jun 4First reading. Referred to President's desk.Senate
    13. Jun 4Referred to Finance and Revenue.Senate
    14. Jun 11Public Hearing and Work Session held.Senate
    15. Jun 12Work Session held.Senate
    16. Jun 17Recommendation: Do pass the B-Eng. bill.Senate
    17. Jun 17Second reading.Senate
    18. Jun 18Third reading. Carried by Hass. Passed.Senate
    19. Jun 19Speaker signed.House of Representatives
    20. Jun 19President signed.Senate
    21. Jun 25Governor signed.House of Representatives
    22. Jul 2Chapter 493, (2019 Laws): Effective date January 1, 2020.House of Representatives