Drawing of State Library BuildingConnecticut State Library Home

Connecticut Public Acts 1996

Previous Page TOC Next Page Public Acts Listings


House Bill No. 5732

PUBLIC ACT NO. 96-75

AN ACT EXEMPTING POLICIES ISSUED TO SPECIAL TAXING DISTRICTS FROM THE TAX ON GROSS PREMIUMS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Section 38a-743 of the general statutes is repealed and the following is substituted in lieu thereof:

(a) Every person, firm, association or corporation licensed pursuant to the provisions of sections 38a-741 to 38a-744, inclusive, 38a-777, 38a-794,AS AMENDED,and 38a-795 shall pay to the commissioner on May first of each year a sum equal to four per cent of the gross premiums charged the insureds by the insurers during the period from January first to March thirty-first of that year, and on August first of each year a sum equal to four per cent of the gross premiums charged the insured by the insurers during the period from April first to June thirtieth of that year, on November first of each year a sum equal to four per cent of the gross premiums charged the insureds by the insurers during the period from July first to September thirtieth of that year and on February first of each year a sum equal to four per cent of the gross premiums charged the insureds by the insurers during the period from October first to December thirty-first of the preceding year, for insurance procured by such licensee pursuant to such license, less the amount of such premiums returned to such insureds, except that the premium tax shall not apply to any policy issued to the state of Connecticut or any agency thereof or to any policy issued to any town, or agency of such town OR SPECIAL TAXING DISTRICT when said town, agency or department thereof OR SPECIAL TAXING DISTRICT appears in the policy as the named insured and as such is responsible for the payment of premiums shown on said policy. Each licensee shall also file on May first, August first, November first, and February first a return, in the form described by the commissioner, showing such information as the commissioner deems necessary.

(b) Upon failure of any person to pay the premium tax due the commissioner on its due date, there shall be added thereto a penalty and interest, which interest shall not be less than one per cent per month or fraction of a month which elapses from the due date of such premium tax to the date of payment, and which penalty shall be in the amount of ten per cent of the whole or such part of the principal of the premium tax as is unpaid.

Sec. 2. This act shall take effect July 1, 1996, and shall be applicable to payments due on or after said date.

Approved May 8, 1996. Effective July 1, 1996, and applicable as provided in section 2.

[footer.htm]