2487 AMH PENN TAYT 558
HB 2487 - H AMD TO H AMD(H-3790.2/26) 2519
By Representative Penner |
WITHDRAWN 03/06/2026
On page 3, line 12 of the striking amendment, after "(2)" insert "This chapter also does not apply to amounts received by an affiliate, from an insurer that pays premium taxes pursuant to RCW 48.14.020 or 48.14.0201, in respect to insurance business activities regulated under Title 48.
(3)"
Renumber the remaining subsections consecutively and correct any internal references accordingly.
On page 3, line 32 of the striking amendment, after "(a)" insert ""Affiliate" means a person that directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with another person.
(b)"
Renumber the remaining subsections consecutively and correct any internal references accordingly.
On page 4, beginning on line 1 of the striking amendment, strike all of section 3
Renumber the remaining sections consecutively and correct any internal references accordingly.
On page 8, beginning on line 4 of the striking amendment, strike all of section 6
Renumber the remaining sections consecutively and correct any internal references accordingly.
| EFFECT: Provides an exemption from business and occupations (B&O) taxes for amounts received for insurance business activities by an affiliate of an insurer. Restores the B&O exemption for health maintenance organizations, health care service contractors, and certified health plans. Removes the section addressing payment of delinquent taxes, penalties and interest.
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