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SB 1269 Virginia Senate · 2025 Regular Session

Surplus lines broker taxes; certain insurance policies.

Summary
Surplus lines broker taxes; certain insurance policies. Provides that any surplus lines broker or any person required to be licensed as one shall not be subject to the annual taxes, license taxes, or penalties under current law for any policy of insurance procured during the preceding calendar year on behalf of a commuter rail system jointly operated by the Northern Virginia Transportation Commission and the Potomac and Rappahannock Transportation District beginning in calendar year 2025. This bill is identical to HB 1682.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill exempts surplus lines brokers from taxes for rail system insurance, providing targeted tax relief to facilitate public infrastructure funding.90% confidence ✓ TransportationSupports TransportationExempts taxes on insurance for commuter rail system (Northern Virginia Transportation Commission), reducing operational costs for public transit infrastructure.85% confidence
Sub-Topics: Rail
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House of Delegates Passage
Feb 2025
Signed into Law
Mar 2025
Introduced Jan 8, 2025 Signed Mar 19, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

Enrolled → Chaptered · 3 edits
MINOR
This bill formalizes the enactment of SB 1269 into law by adding chapter and approval information, while making no substantive changes to the underlying tax provisions. The text was reformatted for the official chaptered version of the act.
Scope change
No substantive change to the bill's scope or applicability; only formatting and official chapter designation were added.
TECHNICAL

Added official chapter designation (Chapter 136), approval date (March 19, 2025), and formatting consistent with Virginia Acts of Assembly publication standards.

Removed draft session headers and unformatted text that were present in the enrolled version but not needed in the final chaptered version.

Reformatted the statutory text to align with official publication standards, including proper indentation and line breaks, without altering any legal provisions.

Floor votes · Senate Jan 31, 2025 · House of Delegates Feb 11, 2025

How they voted

40–0
Passed
Total votes 40
Jan 31, 2025
D Democratic21
21 Yea
100% Yea
R Republican19
19 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
26
Key actions
7
Committee
5
Mar 19, 2025
Signed into law
Approved by Governor-Chapter 136 (Effective 07/01/25)
Feb 16, 2025
Senate · Passed
Signed by President
Feb 13, 2025
House of Delegates · Passed
Signed by Speaker
Feb 13, 2025
Senate · Passed
Bill text as passed Senate and House (SB1269ER)
Feb 11, 2025
House of Delegates · Passed
Passed House (94-Y 0-N)
Feb 6, 2025
House of Delegates · Reported by committee
Reported from Labor and Commerce (21-Y 0-N)
Feb 6, 2025
House of Delegates · Referred to committee
Referred to Committee on Labor and Commerce
Jan 31, 2025
Senate · Passed
Read third time and passed Senate (40-Y 0-N)
Jan 29, 2025
Senate · Passed
Passed by for the day
Jan 28, 2025
Senate · Reported by committee
Reported from Finance and Appropriations (14-Y 0-N 1-A)
Jan 20, 2025
Senate · Reported by committee
Reported from Commerce and Labor and rereferred to Finance and Appropriations (15-Y 0-N)
Jan 8, 2025
Senate · Referred to committee
Referred to Committee on Commerce and Labor
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Stella Pekarsky
Stella Pekarsky
DDemocratic
VA
36