HLS 15RS-4226 ORIGINAL
2015 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 220
BY REPRESENTATIVE CROMER
INSURERS/TAXES: Urges a study of the insurance premium tax and retaliatory tax issues
affecting insurance companies doing business in the state of Louisiana
1 A CONCURRENT RESOL UTION
2To urge and request the House Committee on Insurance and the Senate Committee on
3 Insurance, in consultation with the Department of Insurance and insurance industry
4 representatives, to study the insurance premium tax and retaliatory tax issues
5 affecting insurance companies doing business in the state of Louisiana.
6 WHEREAS, the state of Louisiana has one of the highest premium tax rates for
7insurance companies in the country; and
8 WHEREAS, the insurance companies doing business in our state are subject to
9retaliatory taxes as a result of the premium tax structure in the Louisiana Insurance Code;
10and
11 WHEREAS, it is important that the regulatory and statutory framework for premium
12taxes and retaliatory taxes be reviewed to determine if it is fair and equitable.
13 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
14urge and request the House Committee on Insurance and the Senate Committee on
15Insurance, in consultation with the Department of Insurance and insurance industry
16representatives, to study the regulatory and statutory framework for premium taxes and
17retaliatory taxes to determine if such framework is fair and equitable to the insurance
18industry and to the state of Louisiana.
19 BE IT FURTHER RESOLVED that such a study include a review of the laws of
20other states and address whether the enactment of legislation by the Legislature of Louisiana
21should be considered.
Page 1 of 2 HLS 15RS-4226 ORIGINAL
HCR NO. 220
1 BE IT FURTHER RESOLVED that the House Committee on Insurance and the
2Senate Committee on Insurance may submit the findings from the study in the form of a
3report to the Louisiana Legislature on or before December 31, 2015.
4 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
5chairman of the House Committee on Insurance, the chairman of the Senate Committee on
6Insurance, and the commissioner of insurance for the state of Louisiana.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HCR 220 Original 2015 Regular Session Cromer
Urges and requests the House Committee on Insurance and the Senate Committee on
Insurance, in consultation with the Department of Insurance and insurance industry
representatives, to study the insurance premium tax and retaliatory tax issues affecting
insurance companies doing business in the state of Louisiana. Authorizes a report by the
committees to the La. Legislature on or before Dec. 31, 2015.
Page 2 of 2