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Surplus lines broker taxes; certain insurance policies. Provides that any surplus lines broker or any person required to be licensed as one shall not be subject to the annual taxes, license taxes, or penalties under current law for any policy of insurance procured during the preceding calendar year on behalf of a commuter rail system jointly operated by the Northern Virginia Transportation Commission and the Potomac and Rappahannock Transportation District beginning in calendar year 2025. This bill is identical to SB 1269.
Introduced
Jan 3, 2025
Last Action
Mar 19, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0124)
Approved by Governor-Chapter 124 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 3, 2025
Signed by President
Signed by Speaker
Impact statement from TAX (HB1682)
Bill text as passed House and Senate (HB1682ER)
Enrolled
Commerce and Labor Substitute agreed to
Reading of substitute waived
Senate substitute agreed to by House (Y-88 N-1 A-0)
Passed Senate with substitute (39-Y 0-N)
Engrossed by Senate - committee substitute
Read third time
Passed by for the day
Reported from Finance and Appropriations (13-Y 0-N)
Rules suspended
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
Committee substitute printed 25107098D-S1
Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (15-Y 0-N)
Referred to Committee on Commerce and Labor
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (97-Y 0-N)
Read second time and engrossed
Read first time
Reported from Finance (22-Y 0-N)
Impact statement from TAX (HB1682)
Subcommittee recommends reporting (8-Y 0-N)
Assigned Finance sub: Subcommittee #2
Referred to Committee on Finance
Prefiled and ordered printed; Offered 01-08-2025 25101260D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0124)