1     
BUSINESS LICENSING AMENDMENTS

2     
2020 GENERAL SESSION

3     
STATE OF UTAH

4     
Chief Sponsor: Michael K. McKell

5     
Senate Sponsor: Curtis S. Bramble

6     

7     LONG TITLE
8     General Description:
9          This bill amends the Insurance Code regarding license fees and taxes.
10     Highlighted Provisions:
11          This bill:
12          ▸     amends the Insurance Code regarding license fees and taxes.
13     Money Appropriated in this Bill:
14          None
15     Other Special Clauses:
16          None
17     Utah Code Sections Affected:
18     AMENDS:
19          31A-3-102, as last amended by Laws of Utah 2017, Chapter 168
20     

21     Be it enacted by the Legislature of the state of Utah:
22          Section 1. Section 31A-3-102 is amended to read:
23          31A-3-102. Exclusive fees and taxes.
24          (1) The following are in place of any other license fee or license assessment that might
25     otherwise be levied against a licensee by the state or a political subdivision of the state:
26          (a) subject to Subsection (4), taxes and fees under this chapter;
27          (b) the premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers;
28          (c) the fees under Section 31A-31-108; and
29          (d) the examination costs under Section 31A-2-205.

30          (2) The following are not subject to Title 59, Chapter 7, Corporate Franchise and
31     Income Taxes:
32          (a) an insurer that is subject to premium taxes under Title 59, Chapter 9, Taxation of
33     Admitted Insurers, regardless of whether the insurance company has a tax liability under that
34     chapter;
35          (b) an insurance company that engages in a transaction that is subject to taxes under
36     Section 31A-3-301 or 31A-3-302, regardless of whether the insurance company has a tax
37     liability under that section; and
38          (c) a captive insurance company as provided in Section 31A-3-304 that pays a fee
39     imposed under Section 31A-3-304.
40          (3) Unless otherwise exempt, a licensee under this title is subject to real and personal
41     property taxes.
42          (4) A tax or fee under this chapter is not in place of a tax or fee a municipality or
43     county imposes in accordance with Section 10-1-203 or 17-53-216.