Kentucky Department of Insurance Issues Local Government Premium Taxes for Insurance Companies, Surplus Lines Brokers

The Kentucky Department of Insurance April 9 issued a bulletin with updates on the local government premium tax for insurance companies and surplus lines brokers for excise tax purposes. The bulletin includes: 1) local government premium tax collection; 2) the determination of tax liabilities; 3) exemptions, return requirements, and tax rates; 4) flat fees and collection fees; and 5) appeals for refunds, credits, or assessments. The bulletin also contains links for the 2020 and 2021 forms. [Ky. Dep’t of Ins., Bull. 2020-03, 04/09/20]

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