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Kentucky DOI Hosts Digital Session on Native Authorities Premium Taxes

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Kentucky DOI Hosts Virtual Session on Local Government Premium Taxes

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The Kentucky Division of Insurance coverage will maintain a digital assembly Monday to debate modifications to native authorities premium taxes because of take impact later this 12 months.

Kentucky legislation permits cities and counties to set taxes or charges on some kinds of insurance coverage premiums annually, and requires the state insurance coverage commissioner to inform insurers of the taxes not less than 85 days earlier than they turn out to be efficient, the division mentioned in a bulletin.

The taxes don’t apply to group well being, staff’ compensation, federal flood insurance coverage, captive or home life insurance coverage. The assembly could reply questions on find out how to decide the situation for legal responsibility and to which jurisdiction the tax is owed, the bulletin famous.

The net assembly will probably be held by the Microsoft Groups platform and is about to start at 1 p.m. Japanese time. Individuals can click on right here to affix the assembly. The assembly ID is 283 544 886 277 and the passcode is mchn97.

Stakeholders can also be a part of by cellphone by calling +1 502-632-6289,,272536446#. The cellphone convention ID is: 272 536 446#.


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