Legislative Session number- 81

Bill Name: SF2655

E Recodifying and consolidating administration and compliance provisions
relating to insurance tax laws ARTICLE 1 INSURANCE TAX RECODIFICATIONRecodifying
certain definitions and certain provisions providing for imposition of the gross
premium tax on domestic and foreign insurance companies including township,
farmers and property and casualty mutual insurance companies, health maintenance
organizations (HMO), nonprofit health service plan corporations, community
integrated service networks and fire marshal and surplus lines insurers,
persons, firms or corporations licensed to procure insurance from unlicensed
foreign or ineligible companies and certain other entities, the insurance
premium tax equivalent payment by automobile risk self insurers, certain
retaliatory provisions, the premium surcharge against cities to restore
deficiencies in firefighters relief association funds with an appropriation to
the commissioner of finance for the necessary payments, tax exemptions, the
insurance guaranty association assessment offset, information returns, due dates
for filing returns, tax and estimated tax payment requirements, assessments,
examinations, audits and collections, refund claims, certain time limits,
interest on overpayments and administrative appeals; providing for civil and
criminal penalties for certain violations ARTICLE 2 TECHNICAL CHANGESMaking
certain technical amendments to certain statutory provisions relating to the
contracting authority of the commissioner of employee relations (DOER), the
public employees insurance trust fund, the state employees insurance program,
foreign insurance companies, surplus lines insurers, the insurance guaranty
association, risk retention groups, the life and health guaranty association,
nonprofit health service plan corporations, the Minnesota comprehensive health
association (MCHA), community purchasing arrangements, fraternal benefit
societies, reciprocals or interinsurance contract exchanges, workers
compensation insurance assigned risk policies and contracts of coverage, the
workers compensation reinsurance association, the state fund mutual insurance
company, insurance company net income reports, the MinnesotaCare tax paid by
hospitals and health care providers and the maintenance of firefighters relief
association special funds; repealing certain existing provisions providing for
the taxation of insurance companies (ra, ja)