Form 1265 Louisiana Department of Insurance Ldi La
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People also ask
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What is the premium tax rate in Louisiana?
You can file tax forms online through the Industry Access Portal. All surplus line policies where Louisiana is the home state have a tax rate of 4.85 percent. -
What is the current insurance premium tax rate?
Insurance Premium Tax (IPT) is a tax on general insurance premiums, including car insurance, home insurance, and pet insurance. There are two rates of IPT: a standard rate of 12% and a higher rate of 20%, which applies to travel insurance, electrical appliance insurance and some vehicle insurance. -
What is the tax rate in Louisiana?
Louisiana has a 4.45 percent state sales tax rate, a max local sales tax rate of 7.00 percent, and an average combined state and local sales tax rate of 9.55 percent. Louisiana's tax system ranks 39th overall on our 2023 State Business Tax Climate Index. -
How do you explain surplus lines on taxes?
The Surplus Lines Deduction allows taxpayers to deduct from their gross premiums “sums collected to cover federal and other state taxes and examination fees” when calculating the premium amount subject to the surplus lines premium tax. -
What is Louisiana premium tax credit?
This credit is available to people who paid the LA Citizens assessments in addition to their homeowner's or property's insurance premium. Act 125 of the 2015 Regular Session of the Louisiana Legislature reduced the credit to 72% of the assessment paid for any return filed on or after July 1, 2015. -
What is premium tax mean?
What Does Premium Tax Mean? A premium tax is a tax that insurers often have to pay on the premiums that they receive from their policyholders. The tax varies from state to state, so the exact amount that insurers have to pay for premium taxes can vary widely across regions.
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