§2521-A. Returns; payment of tax
Every insurance company, association, producer or attorney-in-fact of a reciprocal insurer subject to the tax imposed by this chapter shall make payment of estimated tax on or before the last day of each April, the 25th day of each June and the last day of each October. Each April and June estimated tax payment must equal 35% of the total tax paid for the preceding calendar year or at least 35% of the total tax to be paid for the current calendar year and each October estimated tax payment must equal 15% of the total tax paid for the preceding calendar year or at least 15% of the total tax to be paid for the current calendar year. A final return must be filed on or before March 15th covering the prior calendar year. [PL 2015, c. 300, Pt. A, §29 (AMD).]
At the time of filing the returns, each insurance company, association, producer or attorney-in-fact of a reciprocal insurer shall pay to the assessor the amount of tax shown due. [PL 2007, c. 627, §54 (RPR); PL 2007, c. 627, §96 (AFF).]
An insurance company, association, producer or attorney-in-fact of a reciprocal insurer whose annual tax liability under this chapter does not exceed $1,000 may file an annual return with payment on or before March 15th covering the prior calendar year. [PL 2007, c. 627, §54 (RPR); PL 2007, c. 627, §96 (AFF).]
SECTION HISTORY
PL 1973, c. 727, §11 (NEW). PL 1975, c. 377 (AMD). PL 1977, c. 679, §11 (AMD). PL 1981, c. 364, §30 (AMD). PL 1989, c. 702, §E13 (AMD). PL 1991, c. 528, §§PPP1,2 (AMD). PL 1991, c. 528, §§PPP5,RRR (AFF). PL 1991, c. 591, §§PPP1,2 (AMD). PL 1991, c. 591, §PPP5 (AFF). PL 1991, c. 846, §27 (AMD). PL 1993, c. 410, §OO1 (AMD). PL 1997, c. 435, §5 (AMD). PL 1999, c. 414, §26 (AMD). PL 2005, c. 218, §31 (AMD). PL 2007, c. 240, Pt. KKKK, §5 (AMD). PL 2007, c. 240, Pt. KKKK, §7 (AFF). PL 2007, c. 437, §12 (AMD). PL 2007, c. 437, §22 (AFF). PL 2007, c. 627, §54 (RPR). PL 2007, c. 627, §96 (AFF). PL 2015, c. 300, Pt. A, §29 (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 Companies taxable; rate (REPEALED)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36 §2513-B. Tax on premiums collected by captive insurers; rate of tax (REPEALED)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 Returns to State Tax Assessor (REPEALED)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