Concerning taxes imposed on insurers operating within the state.

Summary

The bill changes the language of the business‑and‑occupation tax exemption so it only applies to insurers that actually pay premium taxes, and it removes similar exemptions for agents, brokers and other non‑insurers. It consolidates related exemptions, requires new department rules, and makes the changes effective for tax periods back to Oct. 2 2019. The goal is to protect state revenue for schools and other services.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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