{"data":{"id":"us-ky/krs-136.330","jurisdiction":"us-ky","citation":"KRS 136.330","heading":"Tax on premium receipts life insurance company -- Exception.","body":"(1) Every life insurance company doing business in this state, other than fraternal\nassessment life insurance companies, shall, by March 1 of each year, return to the\nDepartment of Revenue a statement under oath of all premium receipts on business\ndone in this  state during the preceding calendar year or since the last return was\nmade. \"Premium receipts\" includes single premiums, annuity premiums, premiums\nreceived for original insurance, premiums received for renewal, revival or\nreinstatement of the policies, annual and periodical premiums, dividends applied for\npremiums and additions, and all other premium payments received on policies that\nhave been written in this state, or on the lives of residents of this state, or out of this\nstate on business done in this  state, less returned premiums. No deduction shall be\nmade for dividends on life insurance or annuity policies, but dividends on accident\nand health insurance policies may be deducted. Premium receipts shall not include\nannuity premiums or annuity dividends beginning in calendar year 2000.\n(2) (a) An annual tax on premium receipts shall be imposed against every company\nmaking a return under this subsection for calendar years beginning before\n2000 at a rate of two dollars ($2) upon each one hundred dollars ( $100) of\npremium receipts.\n(b) An annual tax on premium receipts shall be imposed against every company\nmaking an election pursuant to KRS 136.335 to be taxed under this section,\nand every company making a return under this section, for calendar years\nbeginning in 2000 as follows:\n1. For calendar year 2000, one dollar and ninety cents ($1.90) upon each\none hundred dollars ($100) of premium receipts;\n2. For calendar year 2001, one dollar and eighty cents ($1.80) upon each\none hundred dollars ($100) of premium receipts;\n3. For calendar year 2002, one dollar and seventy cents ($1.70) upon each\none hundred dollars ($100) of premium receipts;\n4. For calendar year 2003, one dollar and sixty cents ($1.60) upon each one\nhundred dollars ($100) of premium receipts; and\n5. For calendar year 2004 and each calendar year thereafter, one dollar and\nfifty cents ($1.50) on each one hundred dollars ($100) of premium\nreceipts.\n(3) The health insurance contract or contracts for state employees as authorized by KRS\n18A.225 shall not be subject to taxation under this section.","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28550","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"9229810d9107305e3b62b3f4eb2b9bc5d2cf6d7a04e9d57ff83dbf7fef36dabe","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.320","next":"us-ky/krs-136.335"},"notice":"GroundRules: Original legal text. Not legal advice."}