Published on: 12951554. The Department is developing proposed amendments to Rule 12B-8.016, F.A.C. (Retaliatory Provisions), to provide guidance regarding paragraph 624.5091(1)(a), F.S. The proposed amendments will seek to provide clarification of how the retaliatory tax comparison is made between items that "are or would be imposed upon Florida insurers, or upon the agents or representatives of such insurers," as compared to items from the insurer's state of domicile that are "directly imposed upon similar insurers, or upon the agents or representatives of such insurers."
Published on: 10443328. The purpose of the proposed amendments to Rule Chapter 12B-8, F.A.C. (Insurance Premium Taxes, Fees and Surcharges), is to update statutory and rule references, remove unnecessary effective dates, remove provisions regarding the emergency excise tax repealed effective January 1, 2012, by section 22, Chapter 2011-76, L.O.F., and provide technical changes.
Published on: 10240986. The purpose of the proposed amendments to Rule 12B-8.001, F.A.C. (Premium Tax; Rate and Computation), is to update statutory and rule references, remove unnecessary effective dates, remove provisions regarding the emergency excise tax repealed effective January 1, 2012, by Section 22, Chapter 2011-76, L.O.F., and provide technical changes.
The purpose of the proposed amendments to Rule 12B-8.0012, F.A.C. (Insurance Policy Surcharge; Rate and Computation), is to remove unnecessary effective dates and the trust fund into which the insurance policy surcharge proceeds are deposited, as provided in Section 252.372, F.S.
The purpose of the proposed amendments to Rule 12B-8.003, F.A.C. (Tax Statement; Overpayments), is to remove the requirement for a corporate officer or attorney to declare the correctness and completeness of the insurance premium tax, fee, and surcharge return that is redundant of provisions contained in the return, and to adopt, by reference, changes to forms used by the Department in the administration of the insurance premium taxes, fees, and surcharges.
The purpose of the proposed amendments to Rule 12B-8.006, F.A.C. (State Fire Marshal Regulatory Assessment and Surcharge; Levy and Amount), is to remove obsolete provisions regarding the trust fund into which the regulatory assessment and surcharge are deposited. Section 624.516, F.S., requires the regulatory assessment imposed under Section 624.515(1), F.S., and the surcharge imposed under Section 624.515(2), F.S., to be deposited into the Insurance Regulatory Trust Fund.
The purpose of the proposed repeal of Rule 12B-8.007, F.A.C. (Deposit of Certain Tax Receipts; Refund of Improper Payments), is to remove unnecessary provisions regarding the deposit and distribution of proceeds from all premium taxes that are provided in Section 624.521, F.S.
The purpose of the proposed amendments to Rule 12B-8.016, F.A.C. (Retaliatory Provisions), is to remove unnecessary effective dates, remove obsolete provisions, and remove provisions regarding the emergency excise repealed effective January 1, 2012, by Section 22, Chapter 2011-76, L.O.F.
Published on: 6948515. Approval of the proposed amendments to Rule 12B-8.016, F.A.C. (Retaliatory Provisions). A Notice of Proposed Rulemaking was published in the Florida Administrative Weekly on December 19, 2008 (Vol. 34, No. 51, pp. 6608-6609), as corrected in the Florida Administrative Weekly on January 23, 2009, (Vol. 35, No. 3, p. 336).
NOTICE UNDER THE AMERICANS WITH DISABILITIES ACT: Any person requiring special accommodations to participate in this hearing is asked to advise the Department at least 48 hours before the hearing by contacting: Larry Green at (850)922-4830. If you are hearing or speech impaired, please contact the Department by using the Florida Relay Service, 1(800)955-8770 (Voice) and 1(800)955-8771 (TDD).; April 28, 2009, during a regular meeting of the Governor and Cabinet, which begins at 9:00 a.m. A notice of public meeting for the March 24, 2009, meeting of the Governor and Cabinet, was published in the March 13, 2009, (Vol. 35, No. 10, p. 1226), Florida Administrative Weekly.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 6892449. Approval of the proposed amendments to Rule 12B-8.016, F.A.C. (Retaliatory Provisions). A Notice of Proposed Rulemaking was published in the Florida Administrative Weekly on December 19, 2008 (Vol. 34, No. 51, pp. 6608-6609), as corrected in the Florida Administrative Weekly on January 23, 2009, (Vol. 35, No. 3, p. 336).; March 24, 2009, during a regular meeting of the Governor and Cabinet, which begins at 9:00 a.m.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 6540339. Under Florida’s insurance laws, property and casualty insurance companies pay Florida Insurance Guaranty Association assessments. A portion of these assessments is used to determine an insurer’s retaliatory tax obligation. Previously, the Florida Insurance Guaranty Association categorized its assessment into four separate “groups,” and the Department’s rule referenced these “groups” to help taxpayers calculate their tax liability. The Association no longer uses these “groups.” The purpose of the proposed amendments to Rule 12B-8.016, F.A.C. (Retaliatory Provisions), is to update the computation of the portion of the Florida Insurance Guaranty Association Assessment that should be included on the Florida side of the retaliatory tax computation.