AZ HB2225

Freezes the insurance premium tax rate for "other insurance" at 1.85 percent for calendar year 2018 and all subsequent calendar years, eliminating previously scheduled reductions to 1.80 percent (2019), 1.75 percent (2020), and 1.70 percent (2021).

Maintains existing tax rates for fire insurance (0.66 percent to 2.2 percent depending on location), disability insurance (2.0 percent), and health care service plans.

Requires insurers paying $50,000 or more in annual taxes to file monthly reports from March through August and make monthly payments equal to 15 percent of the preceding year's tax liability.

Allows insurers to claim premium tax credits under existing law and requires the director of insurance to report annually to the legislature and governor's office on tax credits used.

Permits the director of insurance to require electronic submission of reports and payments through approved third-party services.