Legislation watch

Search all years.

2016 House Bill 5457: Repeal auto insurance company tax credit

Public Act 277 of 2016

Introduced by Rep. Jon Bumstead (R) on March 15, 2016
To repeal a controversial tax credit that 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are collecting $80 million annually for the credit, which they claim would be tacked on to insurance bills if it is repealed.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. Jon Bumstead (R) 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
Passed 80 to 28 in the House on June 8, 2016.
    See Who Voted "Yes" and Who Voted "No".
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on June 29, 2016

Comments