DOR Updates Electronic Database for Reporting Premium Taxes
The Florida Department of Revenue (“DOR”) has issued a Taxpayer Information Publication (TIP #11B8-01) describing changes to its electronic address/jurisdiction database. Insurance companies use these database files for allocating premium tax to the various firefighters’ and police officers’ pension trust funds and local taxing districts.
Insurers can register at http://geotax.state.fl.us to download the address/jurisdiction database files. The database contains changes submitted by the local jurisdictions that reflect annexations, new addresses, and other relevant changes. Only one change to participating jurisdictions occurred: Village of Palm Springs, Palm Beach County, (Police/Code 947).
The TIP reminds insurers that DOR’s address/jurisdiction database is updated every April and October. Insurers should continue to report their local insurance premium taxes yearly on Schedules XII and XIII of their Insurance Premium Taxes and Fees Return (Form DR-908). Insurers must use the updated address/jurisdiction database available in October 2011 to report premiums for the 2012 calendar year (Form DR-908 is due by March 1, 2013). Although it is not required, insurers can use the updated address/jurisdiction database available in October 2011 to report premiums for the 2011 calendar year (Form DR-908 is due by March 1, 2012).