AZ SB1326

Freezes the insurance premium tax rate for "other insurance" at 1.85 percent for calendar year 2018 and all subsequent calendar years, removing 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 for private fire company cities/towns, 2.2 percent elsewhere), disability insurance (2.0 percent), and health care service plans (rates prescribed in other statutes).

Requires insurers to reflect cost savings from lower fire insurance premium taxes in the premiums charged on property in incorporated cities and towns with private fire company services.

Directs the Director of Insurance to report annually by September 30 to the Joint Legislative Budget Committee and Governor's Office of Strategic Planning and Budgeting on insurance premium tax credits used during the previous fiscal year.

Allows electronic submission of reports and payments if required by the Director, with acceptable third-party services listed on the Department's website.