Effective 1/1/2023 59-9-101. Tax basis — Rates — Exemptions — Rate reductions. (1) (a) Except as provided in Subsection (1)(b), (1)(d), or (5), an admitted insurer shall pay to the commission on or before March 31 in each year, a tax of 2-1/4% of the total premiums received by it during the preceding calendar year […]
59-9-102. Offsets. (1) If any authorized insurer doing business in this state during the tax year pays a property tax in this state, the insurer may deduct from the tax provided under this chapter that portion of the property tax paid for general state purposes. (2) Any domestic insurance company paying a fee for examination […]
Affected by 63I-1-259 on 12/31/2030 Effective 5/4/2022 59-9-102.5. Offset for occupational health and safety related donations. (1) As used in this section: (a) “Occupational health and safety center” means the Rocky Mountain Center for Occupational and Environmental Health created in Title 53B, Chapter 30, Part 2, Rocky Mountain Center for Occupational and Environmental Health. (b) […]
59-9-103. Taxation of insurers otherwise untaxed. (1) As used in this section: (a) “Administrative and claims expense” includes all claims paid, agency expenses, third party administrator expenses, taxes, licenses, fees, loss adjustment expenses, legal expenses, reinsurance premiums, and all other expenses incurred directly in connection with the insurance of Utah risks by the insurer, less […]
59-9-104. Installment payments — Penalty. (1) A person whose total tax obligation under this chapter for the preceding taxable year was $10,000 or more shall pay the taxes levied under this chapter in quarterly installments. Each installment shall be based on the estimated insurance premiums received, or for the taxes imposed under Section 59-9-103, upon […]
59-9-105. Tax on certain insurers to pay for relative value study and other publications or services. (1) An insurer that provides coverage for motor vehicle liability, uninsured motorist, and personal injury protection shall pay to the State Tax Commission on or before March 31 of each year, a tax of .01% on the total premiums […]
Effective 1/1/2021 59-9-108. Utah low-income housing tax credit. (1) As used in this section: (a) “Qualified taxpayer” means the same as that term is defined in Section 59-7-607. (b) “Special low-income housing tax credit certificate” means the same as that term is defined in Section 59-7-607. (2) A person may claim a nonrefundable tax credit […]
