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FL H0657

Bill

Status

Introduced

1/17/2014

Primary Sponsor

Finance and Tax Subcommittee

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Origin

House of Representatives

2014 Regular Session

AI Summary

  • Exempts any portion of title insurance premiums retained by a title insurance agent or agency from Florida's premium tax under section 624.509

  • 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

  • Clarifies that "holders" in the annuity exemption includes employers contributing to employee pension, annuity, or profit-sharing plans

  • Amends title insurance definitions to specify that "premium" does not include commissions paid to title insurers or agents

  • 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

Committee Referrals

Appropriations3/18/2014
Finance and Tax Subcommittee2/3/2014

Full Bill Text

No bill text available