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COMMONWEALTH OF KENTUCKY DEPARTMENT OF INSURANCE FRANKFORT, KENTUCKY BULLETIN 201902 TO:All Authorized Insurance Companies and Surplus Lines Brokers Subject To Kentucky Local Government Premium TaxesFROM:Nancy
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Local government premium tax is a tax imposed on insurance companies for the premiums they collect from policyholders within a specific jurisdiction.
Insurance companies operating within a particular jurisdiction are required to file local government premium tax.
Local government premium tax can be filled out by submitting the necessary forms and providing accurate information on the premiums collected within the jurisdiction.
The purpose of local government premium tax is to generate revenue for the local government based on insurance premiums collected within their jurisdiction.
Insurance companies must report the total premiums collected within the jurisdiction, as well as any other required information specified by the local government.
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