FIRST REGULAR SESSION
HOUSE BILL NO. 213
91ST GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE WARD.
Pre-filed December 27, 2000, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
AN ACT
To repeal section 148.400, RSMo 2000, relating to premium taxes, and to enact in lieu thereof one new section relating to the same subject.
Section A. Section 148.400, RSMo 2000, is repealed and one new section enacted in lieu thereof, to be known as section 148.400, to read as follows:
148.400. All insurance companies or associations organized in or admitted to this state may deduct from premium taxes
payable to this state, in addition to all other credits allowed by law, income taxes, franchise taxes, personal property taxes,
valuation fees, registration fees and examination fees paid, including taxes and fees paid by the attorney in fact of a
reciprocal or interinsurance exchange to the extent attributable to the principal business as such attorney in fact, under any
law of this state. For all tax years beginning on or after January 1, 2001, a deduction for examination fees which
exceeds an insurance company's or association's premium tax liability for the same tax year shall not be refundable,
but may be carried forward to subsequent tax years until the full deduction is claimed.
Missouri House of Representatives