News & Analysis as of

State Taxes Insurance Industry

Locke Lord LLP

Washington State Implements Registration and Tax Requirement on Eligible Captive Insurers Operating in the State

Locke Lord LLP on

On May 12, 2021, Washington’s legislature passed into law Senate Bill 5315, which implements a registration requirement and a tax on captive insurers operating in Washington. Although Washington does not license captive...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - March 2019 #2

While West Georgia is in recovery mode due to the brutal storms on Sunday, lawmakers returned to a blustery Atlanta to work through several bills on Rules Calendars in the House and Senate....more

Spilman Thomas & Battle, PLLC

Update on the West Virginia Legislature - Issue 4

The dates below are the significant deadlines in this year's regular session: - February 12: Last day to introduce bills in the House of Delegates. This does not apply to bills originating in committee. - February 18:...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - March 2018 #8

Legislators rounded third and headed for home today under the Gold Dome, completing Legislative Day 36 of 40. But even as the legislative session enters the home stretch, there remains much work to be done. After full...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - February 2018 #15

When the Senate adjourned at last night at 9PM after considering over 40 propositions, the House was just getting started. When the gavel fell on Crossover Day just after 1AM this morning, the House had voted on over 60...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - February 2018 #14

Completing their last convening before Crossover Day on Wednesday, the House and Senate dispensed with long calendars today. Although the House considered 24 measures and the Senate considered 29, the mood under the Gold Dome...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - February 2018 #13

The House and Senate capped off a busy pre-Crossover week with several weighty propositions on their respective floors. In the Senate, members considered the “Keep Faith and Freedom in Adoption and Foster Care Act”, a...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - February 2018 #11

Sixteen more days! But, who is counting? Sine Die is quickly approaching, marking an end to Georgia’s 2018 legislative session. Thus, committees in the House and Senate are now meeting in earnest as lawmakers introduce their...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - February 2018 #6

Lawmakers hit the ground running today with Legislative Day 19, riding on good news on tax revenues that emerged late last week. On Friday, Governor Deal announced that the state’s tax revenues for the month of January were...more

McDermott Will & Emery

SALT Implications of Final Section 385 Debt-Equity Regulations

McDermott Will & Emery on

The recently released final regulations under Internal Revenue Code Section 385, addressing the circumstances under which related company debt will be classified as equity for federal income tax purposes, will have a...more

Carlton Fields

Georgia Enacts New Insurance Regulations For Captive Insurance Oversight

Carlton Fields on

On July 1, 2015, Georgia’s House Bill 552 went into effect, marking a change in Georgia’s insurance laws that will make the state more attractive to business. That law lowers the state tax on captive insurance premiums and...more

McDermott Will & Emery

Plain and Simple: Maryland Tax Court Holds Insurance Company is Exempt from Corporate Income Taxes

McDermott Will & Emery on

Although taxpayers often complain that complying with the tax laws imposed by the numerous state and local taxing jurisdictions that exist in the United States is a burdensome process, many of these tax statutes also provide...more

McDermott Will & Emery

Illinois Industrial Insured Self-Procurement Tax Guidance Announced

McDermott Will & Emery on

As we have previously covered in detail, at the end of its 2014 regular legislative session, the Illinois General Assembly enacted a multimillion dollar tax on Illinois companies using captive insurance arrangements. The law...more

Pierce Atwood LLP

2014 Summary Of New Maine Laws: State Of Maine 126th Legislature, 2nd Regular Session

Pierce Atwood LLP on

In This Issue: - Overview - 2014 Summary of New Maine Laws ..User Guide ..For More Information ..Disclaimer - Overview - 126th Legislature, 2nd Regular Session ..Political Highlights ...more

Eversheds Sutherland (US) LLP

Massachusetts Governor Proposes Insurance Industry Pass-Through Tax

Massachusetts Governor Deval Patrick released his proposed FY 2015 budget on January 22, 2014. The proposed budget includes a tax provision that is targeted directly at the licensed insurance industry. Currently, income...more

15 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide