Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
The Florida Department of Revenue has issued TIP #16B8-02 advising of a change in Florida’s premium tax laws effective July 1, 2016. The TIP specifies that assessments levied by the Florida Insurance Guaranty Association will no longer be subject to the insurance premium tax. The TIP reflects changes to section 631.914, Florida Statutes, that were […]
The Florida Department of Revenue has issued Tax Information Publication (TIP) 15ADM-03 relating to the community contribution tax credit. Insurers may be interested in the tax credit against the insurance premium tax. The credit also may be taken against the sales and use tax and the corporate income tax. The text of the TIP is […]
The Florida Department of Revenue has issued guidance to insurers relating to their recoupments of Florida Insurance Guaranty Association (FIGA) assessments. Due to a law change passed in the 2015 regular session, recoupments of both regular and emergency FIGA assessments will not be subject to the insurance premium tax. The Department of Revenue’s guidance notes, […]
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 […]
The Florida Department of Revenue is moving forward with rulemaking that will require insurers to submit premium tax returns electronically. The new electronic system will be in place by the time returns are due in 2011, although insurers will be able to request waivers if they are unable to comply. The Department of Revenue has […]
