West Virginia 2019 Regular Session Status: Enacted

SB 30 — Eliminating tax on annuity considerations collected by life insurer

Last action — Chapter 142, Acts, Regular Session, 2019

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House of Delegates
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 09, 2019. Enacted.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

44 added · 34 removed

Plain-language change summary

The recent amendments to Bill SB 30 change the start date for eliminating the tax on annuity considerations collected by life insurers from January 1, 2019, to January 1, 2020. This shift means that life insurers in West Virginia will not have to pay this tax for the year 2020 and beyond. This change is significant as it provides immediate financial relief to insurers, encouraging them to operate in the state and potentially offering more competitive products to consumers. Additionally, it streamlines reporting requirements by simplifying the tax return process for insurers.

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NEWS RELEASES HELPFUL LINKS Enrolled Version - Final Version « Senate Bill 30 History OTHER VERSIONS  —  Committee Substitute (1)  |  Introduced Version  |   |  Email Key:
NEWS RELEASES HELPFUL LINKS SB30 SUB1 « Senate Bill 30 History OTHER VERSIONS  —  Enrolled Version - Final Version  |  Introduced Version  |   |  Email Key:
Red = new code to be enacted WEST virginia legislature regular session Enrolled Committee Substitute for Senate Bill 30 Senators Blair and Cline, original sponsors [Passed March 9, 2019;
Red = new code to be enacted WEST virginia legislature regular session Committee Substitute for Senate Bill 30 Senators Blair and Cline, original sponsors [Originating in the Committee on Finance;
in effect 90 days from passage]     AN ACT to amend and reenact §33-3-15 of the Code of West Virginia, 1931, as amended, relating to eliminating taxation on annuity considerations collected and received by a life insurer.
Reported on February 5, 2019]     A BILL to amend and reenact §33-3-15 of the Code of West Virginia, 1931, as amended, relating to eliminating taxation on annuity considerations collected and received by a life insurer.
(a) For the taxable years beginning on or after January 1, 2021, the tax imposed by this section is discontinued.
(a) For the taxable years beginning on or after January 1, 2020, the tax imposed by this section is discontinued.
(b) Every life insurer transacting insurance in West Virginia shall make a return to the commissioner annually on a form prescribed by the commissioner, on or before March 1, under the oath of its president or secretary, of the gross amount of annuity considerations collected and received by it during the previous calendar year on its annuity business transacted in this state and stating the amount of tax due under this section, together with payment in full for the tax due.
(a) (b) Every life insurer transacting insurance in West Virginia shall make a return to the commissioner annually on a form prescribed by the commissioner, on or before March 1, under the oath of its president or secretary, of the gross amount of annuity considerations collected and received by it during the previous calendar year on its annuity business transacted in this state and stating the amount of tax due under this section, together with payment in full for the tax due.
For purposes of this election, the alternative which the life insurer elected to file its tax return for the 2001 tax year or which it elects when it enters the state, whichever is later, shall be considered the life insurer’s election between these alternatives.
For purposes of this election, the alternative which the life insurer elected to file its tax return for the tax year or which it elects when it enters the state, whichever is later, shall be considered the life insurer’s election between these alternatives.
(b) The amendment to this section enacted during the regular session of the Legislature in the year is effective on July 1, 1998.    NOTE:
The purpose of this bill is to eliminate taxation on annuity considerations collected and received by a life insurer.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
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Action History

  1. Chapter 142, Acts, Regular Session, 2019

  2. Approved by Governor 3/27/19

  3. To Governor 3/20/19

  4. Approved by Governor 3/27/19 - Senate Journal

  5. Approved by Governor 3/27/19 - House Journal

  6. To Governor 3/20/19 - House Journal

  7. To Governor 3/20/19 - Senate Journal

  8. Completed legislative action

  9. Communicated to House

  10. Senate concurred in House amendments and passed bill (Roll No. 517)

  11. House Message received

  12. Communicated to Senate

  13. Passed House (Roll No. 579)

  14. Read 3rd time

  15. On 3rd reading, Special Calendar

  16. Committee amendment adopted (Voice vote)

  17. Read 2nd time

  18. On 2nd reading, Special Calendar

  19. Read 1st time

  20. On 1st reading, Special Calendar

  21. With amendment, do pass

  22. To House Finance

  23. With amendment, do pass, but first to Finance

  24. To House Banking and Insurance

  25. To Banking and Insurance then Finance

  26. Introduced in House

  27. Ordered to House

  28. Passed Senate (Roll No. 93)

  29. Read 3rd time

  30. On 3rd reading

  31. Read 2nd time

  32. On 2nd reading

  33. Read 1st time

  34. On 1st reading

  35. Committee substitute reported

  36. To Finance

  37. Reported do pass, with amendment, but first to Finance

  38. To Banking and Insurance

  39. Introduced in Senate

  40. To Banking and Insurance then Finance

  41. Filed for introduction

Sponsors

  • Cline · Cosponsor
  • Blair · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 1 co-sponsors · 150 not signed on

Sponsors (1)

  • Blair

Co-sponsors (1)

  • Cline

Not signed on (150)

150 members have not signed on to this bill.

Show all 150 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASSAGE

Passed 100 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 24000
Unaffiliated 71000
Democrat 5000
Total 100000
% of votes cast 100%0%0%0%
How each member voted (100)
Member Party Vote
Evans — Yea
Foster — Yea
Brown, N. — Yea
Brown, S. — Yea
Maynard — Yea
Atkinson — Yea
Bates — Yea
Bibby — Yea
Boggs — Yea
Byrd — Yea
Estep-Burton — Yea
Fleischauer — Yea
Hamrick — Yea
Hanna — Yea
Harshbarger — Yea
Kessinger — Yea
Lavender-Bowe — Yea
Linville — Yea
Lovejoy — Yea
Malcolm — Yea
Rowan — Yea
Rowe — Yea
Shott — Yea
Skaff — Yea
Sponaugle — Yea
Storch — Yea
Summers — Yea
Cadle — Yea
Canestraro — Yea
Caputo — Yea
Hartman — Yea
Sypolt — Yea
Thompson, C. — Yea
Thompson, R. — Yea
Nelson — Yea
Tomblin — Yea
Walker — Yea
Phillips — Yea
Diserio — Yea
Jeffries, J. — Yea
Hicks — Yea
Hill — Yea
Hollen — Yea
Householder — Yea
Pack — Yea
Paynter — Yea
Porterfield — Yea
Swartzmiller — Yea
Waxman — Yea
Westfall — Yea
Zukoff — Yea
Espinosa — Yea
Robinson — Yea
Angelucci — Yea
Capito — Yea
Cowles — Yea
Doyle — Yea
Fast — Yea
Graves — Yea
Hardy — Yea
Higginbotham — Yea
Kump — Yea
Longstreth — Yea
Mandt — Yea
Miley — Yea
Pethtel — Yea
Pyles — Yea
Rodighiero — Yea
Staggers — Yea
Steele — Yea
Wilson — Yea
Evan Hansen Democrat Yea
John Williams Democrat Yea
Mike Pushkin Democrat Yea
Sean Hornbuckle Democrat Yea
Shawn Fluharty Democrat Yea
Ben Queen Republican Yea
Betsy Kelly Republican Yea
Betsy Kelly Republican Yea
Carl Martin Republican Yea
Christopher W. Toney Republican Yea
D. Rolland Jennings Republican Yea
Dean Jeffries Republican Yea
Evan Worrell Republican Yea
Gary G. Howell Republican Yea
George Miller Republican Yea
Jason Barrett Republican Yea
Jeff Campbell Republican Yea
Jim Butler Republican Yea
Joe Ellington Republican Yea
John Paul Hott Republican Yea
Mark Dean Republican Yea
Matthew Rohrbach Republican Yea
Mike Azinger Republican Yea
Pat McGeehan Republican Yea
Patrick Martin Republican Yea
Roger Hanshaw Republican Yea
Roy Cooper Republican Yea
Vernon Criss Republican Yea
William Anderson Republican Yea

Official roll call →

Passage

Passed 30 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Republican 2000
Unaffiliated 28004
Total 30004
% of votes cast 88%0%0%12%
How each member voted (34)
Member Party Vote
JEFFRIES — Yea
SMITH — Yea
BALDWIN — Yea
LINDSAY — Yea
STOLLINGS — Yea
BEACH — Yea
MANN — Not Voting
SWOPE — Yea
BLAIR — Not Voting
MARONEY — Not Voting
SYPOLT — Yea
BOLEY — Yea
MAYNARD — Yea
TAKUBO — Yea
BOSO — Yea
PALUMBO — Not Voting
TARR — Yea
PLYMALE — Yea
TRUMP — Yea
CLINE — Yea
PREZIOSO — Yea
UNGER — Yea
FACEMIRE — Yea
ROBERTS — Yea
WELD — Yea
HAMILTON — Yea
ROMANO — Yea
WOELFEL — Yea
HARDESTY — Yea
RUCKER — Yea
MR PRESIDENT — Yea
IHLENFELD — Yea
Charles H. Clements Republican Yea
Mike Azinger Republican Yea

Official roll call →

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 30?
SB 30 is sponsored by Cline and Blair.
What is the current status of SB 30?
This bill has been enacted into law. Introduced January 09, 2019. Enacted.
Where can I track SB 30?
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