Advisory Vote 38: Nonbinding Question on Captive Insurers Tax
Did not pass with 42.8% yes.
- Yes
- 761,093
- 42.8%. The passing rule is not on file.
- No
- 1,015,197
- 57.2%
Qualified (Done)
On the ballot (Done)
Election day (Done)
Did not pass (Current step)
What a yes vote does
Advise the legislature to maintain a 2% tax on the premiums of captive insurers, which was passed in Senate Bill 5315 (2021). Captive insurers are owned by the entities they insure.
What moved
How it got on the ballot
An advisory vote. The result does not change the law by itself.
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