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business in this State, and in addition to any other taxes imposed | | for such privilege pay a tax upon all gross direct premiums | | including annuity considerations, whether in cash or otherwise, on | | contracts written on risks located or resident in the State for | | insurance of life, annuity, fire, casualty and other risks at the | | rate of 2% a year. Every surplus lines insurer that does business | | or collects premiums in the State shall, for the privilege of doing | | business in this State, and in addition to any other taxes imposed | | for such privilege, pay a tax upon all gross direct premiums, | | whether in cash or otherwise, on contracts written on risks located | | or resident in the State at the rate of 3% a year. The tax must be | | paid by the insurer's licensed producer with surplus lines | | authority pursuant to Title 24-A, section 2016. For purposes of | | this section, the term "annuity considerations" includes amounts | | paid to an insurance company when received for the purchase of a | | contract that may result in an annuity, even when the annuitization | | never occurs or does not occur until some time in the future and | | the amounts are in the meantime applied to an investment vehicle | | other than an annuity. This section does not apply to mutual fire | | insurance companies under section 2517 or to captive insurance | | companies incorporated under the laws of another state. |
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| | | Sec. 31. 36 MRSA §2521-A, first ¶, as amended by PL 1997, c. 435, §5, | | is further amended to read: |
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| | | Every insurance company, captive insurance company, | | association, producer or attorney-in-fact of a reciprocal insurer | | subject to tax as imposed by this chapter shall on or before the | | last day of each April, the 25th day of each June and the last | | day of each October file with the State Tax Assessor on forms | | prescribed by the State Tax Assessor a return for the quarter | | ending the last day of the preceding month, except for the month | | of June, which is for the quarter ending June 30th. These returns | | may be on an estimated basis, as long as each April and June | | installment equals at least 35% of the total tax paid for the | | preceding calendar year or 35% of the total tax to be paid for | | the current calendar year. The remaining installments must equal | | 15% of the total tax to be paid for the preceding calendar year | | or 15% of the total tax to be paid for the current year. An | | authorized company official shall affirm which elective is | | selected. Such elective can not be changed during the current | | calendar year. The final return must be filed on or before March | | 15th covering the prior calendar year. |
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| | | Sec. 32. 36 MRSA §2551, sub-§6, as enacted by PL 2003, c. 673, Pt. V, | | §25 and affected by §29, is amended to read: |
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| | | 6. Mobile telecommunications services. "Mobile | | telecommunications services" means commercial mobile radio |
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