§2514. Applicability of provisions
Sections 2512 and 2513 shall not apply to the taxation of any annuity consideration on any annuity contract issued prior to August 1, 1943. Sections 2512 and 2513 shall not apply to any premium from an insurance contract, which premium is received prior to October 1, 1969, or any consideration, regardless of when received, from any retirement annuity contracts issued by an insurance or annuity company organized and operated without profit to any private shareholder or individual exclusively for the purpose of aiding nonproprietary educational and scientific institutions pursuant to a retirement program established under the United States Internal Revenue Code, Section 403 (b). Premiums or considerations received from life insurance policies or annuity contracts issued in connection with the funding of a deferred compensation plan described under the United States Internal Revenue Code, Section 457, a pension, annuity or profit-sharing plan or individual retirement account or annuity qualified or exempt under the United States Internal Revenue Code, Section 401, 403, 404, 408 or 501, as now or hereafter amended or renumbered from time to time, shall be exempt from tax. [PL 1987, c. 343, §7 (AMD).]
SECTION HISTORY
PL 1967, c. 453 (AMD). PL 1969, c. 412 (AMD). PL 1973, c. 625, §262 (AMD). PL 1973, c. 727, §5 (AMD). PL 1975, c. 641 (AMD). PL 1985, c. 783, §12 (AMD). PL 1987, c. 343, §7 (AMD).
Structure Maine Revised Statutes
Chapter 357: INSURANCE COMPANIES
36 §2511. Companies taxable; rate (REPEALED)
36 §2512. Annual returns to Superintendent of Insurance
36 §2513. Tax on premiums and annuity considerations
36 §2513-A. Tax on premiums of risk retention groups
36 §2513-B. Tax on premiums collected by captive insurers; rate of tax (REPEALED)
36 §2513-C. Premium tax on travel insurance premiums
36 §2514. Applicability of provisions
36 §2516. Returns to State Tax Assessor (REPEALED)
36 §2517. Mutual fire companies doing mill business; returns
36 §2518. Neglect to make return; assessment; failure to pay
36 §2519. Ratio of tax on foreign insurance companies
36 §2520. Reciprocal contracts of indemnity
36 §2521. Power and authority of domestic companies
36 §2521-A. Returns; payment of tax
36 §2521-B. Self-insurers; return for calendar year 1982 (REPEALED)
36 §2521-C. Returns; payment of tax (REPEALED)
36 §2521-D. Limitation on credit or refund
36 §2521-E. Interest on overpayment
36 §2522. Assessment of tax; notice; suspension for nonpayment
36 §2523. Taxation of workers' compensation insurers
36 §2524. Credit for employer-assisted day care
36 §2525. Employer-provided long-term care benefits
36 §2525-A. Employer-provided long-term care benefits on and after January 1, 2000
36 §2526. Solid waste reduction investment tax credit (REPEALED)
36 §2527. Educational attainment investment tax credit (REPEALED)
36 §2528. Recruitment credit (REPEALED)
36 §2529. Pine Tree Development Zone tax credit
36 §2530. Maine Life and Health Insurance Guaranty Association credit
36 §2531. Taxation of nonadmitted insurance coverage
36 §2532. Authority to enter into multistate agreement
36 §2533. New markets capital investment credit
36 §2534. Credit for rehabilitation of historic properties and affordable housing