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AK SB15

Bill

Official Source

Status

Passed

5/15/2015

Primary Sponsor

John Coghill

Click for details

Origin

Senate

29th Legislature

AI Summary

  • Amends AS 21.09.210(m) to modify the tax rate on individual life insurance policy year premiums, reducing the rate on premiums exceeding $100,000 from one-tenth of one percent to 0.08 percent
  • Maintains the existing 2.7 percent tax rate on policy year premiums up to $100,000
  • The amended tax rates apply to policy year premiums for calendar years beginning after December 31, 2015

Legislative Description

Life Insurance Policy Premium Tax

Death

Last Action

EFFECTIVE DATE(S) OF LAW 8/9/15

5/15/2015

Committee Referrals

Labor & Commerce4/15/2015
Labor & Commerce1/21/2015

Full Bill Text

No bill text available