The Kentucky Department of Insurance will hold a virtual meeting Monday to discuss changes to local government premium taxes due to take effect later this year.
Kentucky law allows cities and counties to set taxes or fees on certain types of insurance premiums each year, and requires the state insurance commissioner to notify insurers of the taxes at least 85 days before it takes effect, the department said in a bulletin.
Taxes do not apply to group health, workers’ compensation, federal flood insurance, captive or home life insurance. The meeting could answer questions about how to determine location for liability and in which jurisdiction to tax, the bulletin said.
The online meeting will be held through the Microsoft Teams platform and is scheduled to begin at 1 pm Eastern time. Participants can click here to join the meeting. The meeting ID is 283 544 886 277 and the passcode is mchn97.
Stakeholders can also participate by phone by calling +1 502-632-6289,,272536446#. The phone conference ID is: 272 536 446#.
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