136.330 Tax on premium receipts life insurance company -- Exception. (1) Every life insurance company doing business in this state, other than fraternal assessment life insurance companies, shall, by March 1 of each year, return to the <br>Department of Revenue a statement under oath of all premium receipts on business <br>done in this state during the preceding calendar year or since the last return was <br>made. "Premium receipts" includes single premiums, annuity premiums, premiums <br>received for original insurance, premiums received for renewal, revival or <br>reinstatement of the policies, annual and periodical premiums, dividends applied for <br>premiums and additions, and all other premium payments received on policies that <br>have been written in this state, or on the lives of residents of this state, or out of this <br>state on business done in this state, less returned premiums. No deduction shall be <br>made for dividends on life insurance or annuity policies, but dividends on accident <br>and health insurance policies may be deducted. Premium receipts shall not include <br>annuity premiums or annuity dividends beginning in calendar year 2000. (2) (a) An annual tax on premium receipts shall be imposed against every company making a return under this subsection for calendar years beginning before <br>2000 at a rate of two dollars ($2) upon each one hundred dollars ($100) of <br>premium receipts. (b) An annual tax on premium receipts shall be imposed against every company making an election pursuant to KRS 136.335 to be taxed under this section, <br>and every company making a return under this section, for calendar years <br>beginning in 2000 as follows: <br>1. For calendar year 2000, one dollar and ninety cents ($1.90) upon each <br>one hundred dollars ($100) of premium receipts; 2. For calendar year 2001, one dollar and eighty cents ($1.80) upon each <br>one hundred dollars ($100) of premium receipts; 3. For calendar year 2002, one dollar and seventy cents ($1.70) upon each <br>one hundred dollars ($100) of premium receipts; 4. For calendar year 2003, one dollar and sixty cents ($1.60) upon each one <br>hundred dollars ($100) of premium receipts; and 5. For calendar year 2004 and each calendar year thereafter, one dollar and <br>fifty cents ($1.50) on each one hundred dollars ($100) of premium <br>receipts. (3) The health insurance contract or contracts for state employees as authorized by KRS 18A.225 shall not be subject to taxation under this section. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 321, effective June 20, 2005. -- Amended 2001 Ky. Acts ch. 164, sec. 6, effective June 21, 2001. -- Amended 1998 Ky. Acts <br>ch. 82, sec. 15, effective July 15, 1998; and ch. 233, sec. 2, effective July 15, 1998. -- <br>Amended 1988 Ky. Acts ch. 5, sec. 9, effective July 15, 1988. -- Amended 1986 Ky. <br>Acts ch. 496, sec. 7, effective August 1, 1986. -- Amended 1984 Ky. Acts ch. 23, <br>sec. 5, effective July 13, 1984. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 1. -- <br>Amended 1962 Ky. Acts ch. 208, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. sec. 4226.
136.330 Tax on premium receipts life insurance company -- Exception. (1) Every life insurance company doing business in this state, other than fraternal assessment life insurance companies, shall, by March 1 of each year, return to the <br>Department of Revenue a statement under oath of all premium receipts on business <br>done in this state during the preceding calendar year or since the last return was <br>made. "Premium receipts" includes single premiums, annuity premiums, premiums <br>received for original insurance, premiums received for renewal, revival or <br>reinstatement of the policies, annual and periodical premiums, dividends applied for <br>premiums and additions, and all other premium payments received on policies that <br>have been written in this state, or on the lives of residents of this state, or out of this <br>state on business done in this state, less returned premiums. No deduction shall be <br>made for dividends on life insurance or annuity policies, but dividends on accident <br>and health insurance policies may be deducted. Premium receipts shall not include <br>annuity premiums or annuity dividends beginning in calendar year 2000. (2) (a) An annual tax on premium receipts shall be imposed against every company making a return under this subsection for calendar years beginning before <br>2000 at a rate of two dollars ($2) upon each one hundred dollars ($100) of <br>premium receipts. (b) An annual tax on premium receipts shall be imposed against every company making an election pursuant to KRS 136.335 to be taxed under this section, <br>and every company making a return under this section, for calendar years <br>beginning in 2000 as follows: <br>1. For calendar year 2000, one dollar and ninety cents ($1.90) upon each <br>one hundred dollars ($100) of premium receipts; 2. For calendar year 2001, one dollar and eighty cents ($1.80) upon each <br>one hundred dollars ($100) of premium receipts; 3. For calendar year 2002, one dollar and seventy cents ($1.70) upon each <br>one hundred dollars ($100) of premium receipts; 4. For calendar year 2003, one dollar and sixty cents ($1.60) upon each one <br>hundred dollars ($100) of premium receipts; and 5. For calendar year 2004 and each calendar year thereafter, one dollar and <br>fifty cents ($1.50) on each one hundred dollars ($100) of premium <br>receipts. (3) The health insurance contract or contracts for state employees as authorized by KRS 18A.225 shall not be subject to taxation under this section. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 321, effective June 20, 2005. -- Amended 2001 Ky. Acts ch. 164, sec. 6, effective June 21, 2001. -- Amended 1998 Ky. Acts <br>ch. 82, sec. 15, effective July 15, 1998; and ch. 233, sec. 2, effective July 15, 1998. -- <br>Amended 1988 Ky. Acts ch. 5, sec. 9, effective July 15, 1988. -- Amended 1986 Ky. <br>Acts ch. 496, sec. 7, effective August 1, 1986. -- Amended 1984 Ky. Acts ch. 23, <br>sec. 5, effective July 13, 1984. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 1. -- <br>Amended 1962 Ky. Acts ch. 208, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. sec. 4226.
136.330 Tax on premium receipts life insurance company -- Exception. (1) Every life insurance company doing business in this state, other than fraternal assessment life insurance companies, shall, by March 1 of each year, return to the <br>Department of Revenue a statement under oath of all premium receipts on business <br>done in this state during the preceding calendar year or since the last return was <br>made. "Premium receipts" includes single premiums, annuity premiums, premiums <br>received for original insurance, premiums received for renewal, revival or <br>reinstatement of the policies, annual and periodical premiums, dividends applied for <br>premiums and additions, and all other premium payments received on policies that <br>have been written in this state, or on the lives of residents of this state, or out of this <br>state on business done in this state, less returned premiums. No deduction shall be <br>made for dividends on life insurance or annuity policies, but dividends on accident <br>and health insurance policies may be deducted. Premium receipts shall not include <br>annuity premiums or annuity dividends beginning in calendar year 2000. (2) (a) An annual tax on premium receipts shall be imposed against every company making a return under this subsection for calendar years beginning before <br>2000 at a rate of two dollars ($2) upon each one hundred dollars ($100) of <br>premium receipts. (b) An annual tax on premium receipts shall be imposed against every company making an election pursuant to KRS 136.335 to be taxed under this section, <br>and every company making a return under this section, for calendar years <br>beginning in 2000 as follows: <br>1. For calendar year 2000, one dollar and ninety cents ($1.90) upon each <br>one hundred dollars ($100) of premium receipts; 2. For calendar year 2001, one dollar and eighty cents ($1.80) upon each <br>one hundred dollars ($100) of premium receipts; 3. For calendar year 2002, one dollar and seventy cents ($1.70) upon each <br>one hundred dollars ($100) of premium receipts; 4. For calendar year 2003, one dollar and sixty cents ($1.60) upon each one <br>hundred dollars ($100) of premium receipts; and 5. For calendar year 2004 and each calendar year thereafter, one dollar and <br>fifty cents ($1.50) on each one hundred dollars ($100) of premium <br>receipts. (3) The health insurance contract or contracts for state employees as authorized by KRS 18A.225 shall not be subject to taxation under this section. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 321, effective June 20, 2005. -- Amended 2001 Ky. Acts ch. 164, sec. 6, effective June 21, 2001. -- Amended 1998 Ky. Acts <br>ch. 82, sec. 15, effective July 15, 1998; and ch. 233, sec. 2, effective July 15, 1998. -- <br>Amended 1988 Ky. Acts ch. 5, sec. 9, effective July 15, 1988. -- Amended 1986 Ky. <br>Acts ch. 496, sec. 7, effective August 1, 1986. -- Amended 1984 Ky. Acts ch. 23, <br>sec. 5, effective July 13, 1984. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 1. -- <br>Amended 1962 Ky. Acts ch. 208, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. sec. 4226.
