HB1204 lowers the annual cap on tax credits that insurance companies can claim on their premium tax returns from an unspecified amount to $2.5 million per year, starting in fiscal year 2021. This means insurance companies will have a stricter limit on the total tax breaks they can claim, potentially increasing the state's tax revenue from the insurance industry.
Education Tabled Passed, YEAS 13, NAYS 1.
Education Motion to amend Passed, YEAS 9, NAYS 5.
Education Scheduled for hearing
House of Representatives Referred to House Education H.J. 256
First Reading House H.J. 98
Mark Willadsen
Prime sponsor · Rep.
R
Cosponsors
Education — Motion to amend
Education — Tabled