Benefits consortium; exemption and exclusions. (HB1057)
Introduced By
Del. Terry Kilgore (R-Gate City) with support from co-patron Del. David Yancey (R-Newport News)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Benefits consortium; exemption and exclusions. Exempts a benefits consortium and its sponsoring organization from regulation as an insurer and from the license tax levied on insurance companies. A benefits consortium is a trust that, among other conditions, operates as a nonprofit voluntary employee beneficiary association within the meaning of 501(c)(9) of the Internal Revenue Code of 1986 and is subject to federal law and regulations applicable to multiple employer welfare arrangements. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/08/2014 | Committee |
01/08/2014 | Presented and ordered printed 14103102D |
01/08/2014 | Referred to Committee on Commerce and Labor |
01/24/2014 | Impact statement from SCC (HB1057) |
01/28/2014 | Reported from Commerce and Labor with substitute (19-Y 0-N) (see vote tally) |
01/28/2014 | Committee substitute printed 14104127D-H1 |
01/30/2014 | Read first time |
01/31/2014 | Read second time |
01/31/2014 | Committee substitute agreed to 14104127D-H1 |
01/31/2014 | Engrossed by House - committee substitute HB1057H1 |
02/03/2014 | Read third time and passed House (97-Y 1-N) |
02/03/2014 | VOTE: PASSAGE (97-Y 1-N) (see vote tally) |
02/04/2014 | Constitutional reading dispensed |
02/04/2014 | Referred to Committee on Commerce and Labor |
02/06/2014 | Impact statement from SCC (HB1057H1) |
02/17/2014 | Reported from Commerce and Labor (14-Y 0-N) (see vote tally) |
02/19/2014 | Constitutional reading dispensed (40-Y 0-N) |
02/20/2014 | Read third time |
02/20/2014 | Passed Senate (40-Y 0-N) |
02/24/2014 | Enrolled |
02/24/2014 | Bill text as passed House and Senate (HB1057ER) |
02/24/2014 | Signed by Speaker |
02/25/2014 | Impact statement from SCC (HB1057ER) |
02/26/2014 | Signed by President |
03/07/2014 | G Approved by Governor-Chapter 220 (effective 1/1/15) |
03/07/2014 | G Acts of Assembly Chapter text (CHAP0220) |