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State Recommends 2 Percent Tax on Domestic Insurance
Topeka Nov 27 AP A Kansas tax code commission proposed a two percent tax on domestic insurers premiums. The plan would tax premiums paid or due to policyholders plus dividends and reinsurance, with mutual and fraternal life policies exempt. Estimated annual tax for 17 domestic life insurers would reach 104 553 dollars, double their 1929 payments, about 2.61 of capital and surplus, versus 68 percent of foreign company taxes.
MENTIONED IN THIS ARTICLE
Topeka
State Tax Code Commission
Kansas
Kansasias
Commissian
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