Insurance Premium Tax

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Insurance Premium Tax

A tax paid by insurers and insurance brokers in the United Kingdom. Insurers and brokers must pay the tax on all policies other than long-term insurance, such as life insurance, reinsurance and export finance.
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The IUA s new online service will sum up insurance premium taxes relevant in each of the nations in the European Economic Area.
The surplus lines industry continues to press for several changes to implement the NRRA, such as the process for payment of nonadmitted insurance premium taxes.
One invoice, inclusive of premiums and insurance premium taxes by country
Also known as the Tax Credit Program, the state's Community Development Finance Authority (CDFA) created this program to "enable businesses to invest cash, securities, or property to fund economic or community development projects in exchange for this 75% tax credit which can be applied against any or all three of the business profits, business enterprise, or insurance premium taxes.
The governor wants to borrow against insurance premium taxes to raise $190 million and make significant cuts to K-12 and higher education.
The program enables businesses to invest cash, securities or real property to fund CDFA-approved projects in exchange for a 75 percent state tax credit that can be applied against the New Hampshire business profits, business enterprise and insurance premium taxes.
Ed Garner, R-Maumelle, circulated a draft of an alternate plan, which would raise money for health care from a portion of insurance premium taxes and fines for actions resulting in traumas, such as drunk driving and assault.
A portion of the commonwealth's insurance premium taxes is the expected repayment source;
The bank's investment was made through the Community Development Finance Authority's tax credit program, which enables businesses to contribute to CDFA-approved economic or community development projects in exchange for a state tax credit that can be applied against the New Hampshire business profits, business enterprise, or insurance premium taxes.
In the letter, NCOIL said the proposal for a bifurcated regulatory system would "threaten the revenue stream that now flows to the states in insurance premium taxes.
The bill also allows insurance companies--which do not pay state income tax--to receive credits based on the insurance premium taxes they pay.
Others have delayed previously enacted tax cuts, increased health insurance premium taxes, and boosted taxes on cell phones and other phone services.
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