Florida Department of Revenue Reviews Insurance Premium Tax Rules
Oct 14, 2009
The Florida Department of Revenue (“DOR”) held a Rule Development Workshop on Tuesday, October 13, 2009 regarding proposed amendments to Rules applicable to various taxes, fees and surcharges. The package of proposed tax-related Rules and meeting agenda items is attached.
Amendments to several insurance-related Rules were among the regulations considered. Proposed Rule 12B-8.003, F.A.C., “Tax Statement, Overpayments” would make technical changes to DOR forms used in the administration of the State’s insurance premium tax. The full text of the proposed Rule may be viewed by clicking here.
Led by DOR Senior Management Analyst Larry Green, the hearing included specific review and discussion of proposed changes to the following forms that insurers must use to file tax returns and related reports (all forms will be effective on January 1, 2010; dates have been updated to 2009 where applicable):
Form Number Title
DR-907 Florida Insurance Premium Installment Payment
DR-907N Information for Filing Insurance Premium Installment Payment (Form DR-907)
DR-908 Insurance Premium Taxes and Fees Return for Calendar Year 2009
DR-908N Instructions for Preparing Form DR-908 Florida Insurance Premium Taxes and Fees Return
DR-350900 2009 Insurance Premium Tax Information for Schedules XII and XIII, DR-908
Robert DeCasse, DOR Revenue Program Administrator for Technical Assistance and Dispute Resolution, reviewed the changes to forms DR-908 and DR-908N that relate to corporate income tax paid. He explained that the DOR is maintaining the previous year’s language used in these forms.
The creation of a calculation form had been suggested by the DOR, but because of the confusion that another form could cause, it was determined that it was best to simply maintain the current forms.
The DOR will keep the record open for comment until Friday, October 16, 2009. Should you wish to submit comments, please contact Colodny Fass.
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