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PCI, Florida DOR, and Hand-Entry of Premium Tax Returns

The proposed "electronic submission" of premium tax returns is not what is appears.

By William Stander | Updated on October 12, 2010

Overview At the Property Casualty Insurers Association of America’s (PCI) request, the Florida Department of Revenue (DOR) held a workshop on changes to Rule 12-24.003 that, under the guise of electronic submission, would require insurers to file their annual premium tax returns by hand-entering the information into a DOR website. PCI objected to this requirement. Rule 12-24.003 As reported in a Proposed Regulatory Bulletin on Sept. 30, 2010, the DOR issued a Notice of Rule Development on changes to Rule 12-24.003. Since insurers are already required to pay premium tax in excess of $20,000 electronically, from a practical standpoint, the rule simply adds the requirement that the tax return also be filed electronically.

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