MI HB6105

Reduces the insurance company tax rate on gross direct premiums from 1.25% to 1.10% for tax years beginning after December 31, 2010.

Applies the reduced 1.10% tax rate to gross direct premiums written on property or risk located or residing in Michigan.

Excludes specific premium types from taxation: premiums on policies not taken, returned premiums on canceled policies, annuity receipts, reinsurance premiums already taxed, and the first $190,000,000 of disability insurance premiums (subject to phase-out based on total carrier services premiums exceeding $280,000,000).

Makes the tax in lieu of all other privilege or franchise fees or taxes under the act, except for real and personal property taxes, sales tax, use tax, and taxes under the Insurance Code of 1956.

Requires enactment of 16 related bills (House Bills 5249, 6103-6119) as a condition for this bill to take effect.