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FL H0657
Bill
Status
1/17/2014
Primary Sponsor
Finance and Tax Subcommittee
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AI Summary
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Exempts any portion of title insurance premiums retained by a title insurance agent or agency from Florida's premium tax under section 624.509
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Maintains existing exemption for annuity premiums when tax savings are credited to annuity holders, with requirement for insurers to provide evidence of such credits upon Department of Revenue request
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Clarifies that "holders" in the annuity exemption includes employers contributing to employee pension, annuity, or profit-sharing plans
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Amends title insurance definitions to specify that "premium" does not include commissions paid to title insurers or agents
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Takes effect July 1, 2014
Legislative Description
Tax on Insurance Premiums
Last Action
Died on Calendar, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132), HB 5601 (Ch. 2014-38)
5/2/2014