FIC: Premium Tax Credit Repeals Proposed in Senate
By: Katrina Callaway, FIC General Counsel An important bill for all insurance companies was filed by Sen. Annette Taddeo (D-Miami), on December 22, 2017. SB 1354 repeals all “tax preferences” provided in chapter 624, chapters 192-220, and chapters 561-565 on July 1, 2022 unless specifically reviewed and reenacted by the Legislature. The definition of “tax…