2025-2026 Regular SessionDelaware Legislature

HB7: An Act To Amend Title 18 Of The Delaware Code Relating To Taxes.

Legislative Summary

This bill resolves an internal inconsistency in the Insurance Code regarding the timing of payment of taxes for captive insurance companies and surplus lines brokers. Sections 1917 and 6914 of the Insurance Code specifically address the amount and timing of taxes due for surplus lines brokers and captive insurance companies, respectively. Surplus lines brokers and captive insurance companies will continue to pay premium taxes in accordance with Sections 1917 and 6914, respectively, as they have historically.

Demographic Impact

Overall analysis of equity impact

Neutral
Low Confidence

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

1/16/2025
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
1/22/2025
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
1/28/2025
Passed By House. Votes: 36 YES 5 ABSENT
1/28/2025
Assigned to Banking, Business, Insurance & Technology Committee in Senate
3/19/2025
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 On Its Merits
3/27/2025
Passed By Senate. Votes: 19 YES 2 ABSENT
4/14/2025
Signed by Governor

Roll Call Votes

Senate Third Reading
3/27/2025
19
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED
House Third Reading
1/28/2025
36
Yea
0
Nay
0
Not Voting
5
Absent
Result: PASSED

Status Information

Current Status
Passed(4/14/2025)
Chamber
House of Representatives

Documents

Draft
Bill Text1/1/19708.9 KB