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House adopts Senate substitute to HB1682, altering surplus-lines broker tax exemption

2291340 · February 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

On Feb. 12 the House adopted the Senate substitute to House Bill 1682, which changes the tax treatment for insurance purchases from the surplus lines market; the substitute passed by voice and roll-call, 88-1.

The Virginia House of Delegates on Feb. 12 adopted the Senate substitute to House Bill 1682, legislation that changes the tax treatment of insurance purchased from the surplus lines market.

During the supplemental calendar on the deadline day, Delegate Duncan Coleman presented the measure and asked members to accept the Senate…

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