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MS HB868

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Henry Zuber

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Exempts both foreign and domestic insurance carriers from Mississippi's 3% annual premium tax on premiums collected for insurance coverage provided to governmental entities
  • Defines "governmental entity" as any agency, department, institution, or political subdivision of the State of Mississippi
  • Expands an existing exemption that already applies to carriers providing coverage under the State Employees Life and Health Insurance Plan
  • Preserves all existing tax claims, assessments, and enforcement actions for taxes due before the effective date
  • Takes effect July 1, 2026

Legislative Description

Insurance premium tax; exempt insurance carriers furnishing services to governmental entities.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Insurance1/16/2026

Full Bill Text

No bill text available