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Legislation watch
2016 House Bill 5458: Repeal auto insurer tax credit
Public Act 278 of 2016
Introduced by Rep. Earl Poleski R-Jackson on March 15, 2016
To repeal a controversial tax credit auto insurance companies can collect based on their payments into an “insurance placement facility” or high risk pool for individuals unable to get coverage through the regular risk-based underwriting process. Reportedly the companies are collecting $80 million annually for the credit, which they claim would be tacked on to insurance bills if it is repealed. Official Text and Analysis.
Referred to the House Government Operations Committee on March 15, 2016
Substitute offered by Rep. Earl Poleski R-Jackson on June 2, 2016
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote in the House on June 2, 2016
Received in the Senate on June 7, 2016
Referred to the Senate on June 7, 2016
Amendment offered in the Senate on June 8, 2016
To allow the tax credit in the current year but end it starting in 2017.
The amendment passed by voice vote in the Senate on June 8, 2016
Received in the House on June 8, 2016
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on June 29, 2016