Legislation Effective July 2022

Legislation Effective July 2022

ALABAMA

House Bill 391 (Act 2022-252) signed by the governor April 6 and effective July 1 reduces to $50.00 the minimum business privilege tax and provide full exemption on amounts due of $100.00 for taxable years beginning after December 31, 2022.

ARIZONA

House Bill 2165 (Chapter 55) signed by the governor March 24 and effective 91 days after adjournment (projected to be April 24) modifies licensing requirements for the production, installation and sale of manufactured homes, mobile homes, and factory-built buildings to obtain a valid fingerprint clearance card in lieu of a background check.

House Bill 2612 signed by the governor March 24 and effective 91 days after adjournment (projected as April 23) eliminates requirements relating to the character of an applicant for an occupational license, permit, certification, or other state recognition.

Senate Bill 1204 signed by the governor April 22 and effective 91 days after adjournment (proposed as April 29) modifies licensing requirements to permit a responsible individual of mortgage brokers and bankers to reside out of state.

Senate Bill 1394 signed by the governor March 23 and effective 91 days after adjournment outlines procedures and requirements for licensees of the Department of Insurance and Financial Institutions (DIFI) when doing business under an assumed name or trade name.

GEORGIA

House Bill 916 (Act 875) signed by the governor May 13 and effective July 1 provides for a unified procedure for appealing decisions of a lower judicatory to a superior or state court.

House Bill 969 (Act 753) signed May 2 and effective July 1 updates regulation of insurance holding company systems.

IDAHO

House Bill 610 signed by the governor March 28 and effective July 1 modifies collection agency licensing requirements.

ILLINOIS

Senate Bill 2664 (Public Act 160) signed by the governor July 23 and effective July 1, 2022 amends the Notary Public Act relating to electronic notarial acts.

IOWA

House Bill 2469 signed by the governor May 2 and effective July 1 amends the corporation law relating to the use of electronic mail and the availability of shareholders lists.

KANSAS

House Bill 2489 signed by the governor April 13 and effective July 1 amends the technology enabled fiduciary financial institutions act (TEFFI Act).

KENTUCKY

House Bill 643 (Act 125) signed by the governor April 8 and effective 90 days after the General Assembly adjourns (projected as April 15) amends existing law regarding mortgage licensing.

House Bill 506 (Act No. 50) signed by the governor March 29 and effective 90 days after adjournment (projected as April 15) requires registration and regulation of Professional Employer Organizations (PEO).

MISSISSIPPI

House Bill 687 signed by the governor March 9 and effective July 1 re-enacted the Debt Management Services Act.

House Bill 1360 signed by the governor March 10 and effective July 1 aligns bank and savings loan merger approvals with the Business Corporation Act.

NEBRASKA

Legislative Bill 767 signed by the governor March 16 and effective July 21 requires pharmacy benefit manager licensing and regulation.

NEW HAMPSHIRE

House Bill 1559 (Chapter 42) signed by the governor May 3 and effective July 2 makes technical changes to certain laws administered by the insurance department.

NEW JERSEY

The Division of Revenue and Enterprise Services posted an announcement that new notary educational and testing requirements take effect in July 2022 under P.L. 2021, Chapter 179 which can be accessed at 179_.PDF (state.nj.us). The announcement describing the requirements for new and renewed commissions can be accessed at State of NJ – Department of the Treasury – Division of Revenue – Announcement New Notary Educational and Testing Requirements

OHIO

Senate Bill 256 (Session Law 100) signed by the governor April 20 and effective 90 days after filing with the Secretary of State amends the insurance code to among other things permit electronic signatures and amend limited travel insurance requirements.

SOUTH DAKOTA

House Bill 1229 signed by the governor March 18 and effective July 1 permits formation of corporations and LLCs by physical therapists, occupational therapists, and speech language pathologists.

VIRGINIA

House Bill 82 (Chapter 113) signed by the governor April 6 and effective July 1 relates to insurance holding company systems, group capital calculation and liquidity stress text.

House Bill 691 (Chapter 82) signed by the governor April 5 and effective July 1 amends business entity statutes to clarify terminology regarding conversion and domestication of entities.

VERMONT

House Bill 515 signed by the governor May 27 and effective July 1 amends existing law pertaining to banking, securities, and insurance regulation, including with respect to travel insurance, data security, and whistleblower awards and protection.