☰ Revisor of Missouri


Chapter 148

< > Effective - 01 Jan 1985, see footnote    bottom

  148.376.  Extended Missouri mutual insurance companies, premiums — tax — rate — payable when — delinquencies, distribution. — 1.  Every company operating under the provisions of sections 380.201 to 380.591 shall quarterly pay a tax upon the direct premiums or assessments received during the calendar year, whether in cash or notes, on account of insurance business done in this state at a rate of one percent per annum for the amount of direct premiums or assessments received in excess of one million dollars.  Direct premiums or assessments received by such companies in excess of five million dollars shall be taxed at the rate of two percent per annum.  This taxation plan shall be in lieu of all other taxes except taxes on real and tangible personal property, taxes on franchises and license taxes, and those insurance companies shall be credited with cancelled or returned premiums, actually paid during the year in this state.

  2.  The taxes imposed by the provisions of this section shall be payable on an estimated quarterly basis in the same manner that domestic insurance companies pay tax under the provisions of this chapter, and shall be subject to the same provisions concerning delinquency.  Calendar year 1985 will be the first year that companies operating under sections 380.201 to 380.591 are required to pay tax under this section and sections 380.011 to 380.611.  The estimated quarterly tax payments for 1985 will be based on the amount of tax that the company would have paid based on their 1984 premiums or assessments.  The tax collected under the provisions of this section shall be distributed and apportioned in the same manner as provided in section 148.380.


(L. 1984 H.B. 1498 § 148.375)

Effective 1-1-85

---- end of effective  01 Jan 1985 ----

use this link to bookmark section  148.376

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House