Rep. Norm Thurston — Voting Record

Bill

Number

H.B. 348 (2020GS)

Sponsor

Rep. McKell, M.

Final action

Governor Signed 3/24/2020

Outcome

Became law — signed by Gov. Gary R. Herbert

Summary

What it does

• This bill:
• amends the Insurance Code regarding license fees and taxes.

Every vote on this bill

Bill text

BUSINESS LICENSING AMENDMENTS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Michael K. McKell
Senate Sponsor: 
Curtis S. Bramble
LONG TITLE
General Description:
This bill amends the Insurance Code regarding license fees and taxes.
Highlighted Provisions:
This bill:
▸ amends the Insurance Code regarding license fees and taxes.
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
31A-3-102
, as last amended by Laws of Utah 2017, Chapter 168
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
31A-3-102
 is amended to read:
31A-3-102.
Exclusive fees and taxes.
(1) The following are in place of any other license fee or license assessment that might
otherwise be levied against a licensee by the state or a political subdivision of the state:
(a) 
subject to Subsection (4),
 taxes and fees under this chapter;
(b) the premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers;
(c) the fees under Section 
31A-31-108
; and
(d) the examination costs under Section 
31A-2-205
.
(2) The following are not subject to Title 59, Chapter 7, Corporate Franchise and
Income Taxes:
(a) an insurer that is subject to premium taxes under Title 59, Chapter 9, Taxation of
Admitted Insurers, regardless of whether the insurance company has a tax liability under that
chapter;
(b) an insurance company that engages in a transaction that is subject to taxes under
Section 
31A-3-301
 or 
31A-3-302
, regardless of whether the insurance company has a tax
liability under that section; and
(c) a captive insurance company as provided in Section 
31A-3-304
 that pays a fee
imposed under Section 
31A-3-304
.
(3) Unless otherwise exempt, a licensee under this title is subject to real and personal
property taxes.
(4) A tax or fee under this chapter is not in place of a tax or fee a municipality or
county imposes in accordance with Section 
10-1-203
 or 
17-53-216
.