Insurance Premium Tax

The chief anchor of LaMATS' services to municipal governments. Some 133 municipalities contract with LaMATS for the collection of their insurance premium taxes on policies written by insurance companies doing business in the municipal jurisdictions.

Each year since its inauguration in 2000, this service has collected insurance premium taxes in an amount greater than the previous year, a consistent record of improvement that benefits Louisiana's villages, towns and cities. In 2000, this service returned $4 million to its participating municipalities; in 2005, a record $13 million was expected to be returned to its member municipalities.

Over the years, some $47 million has been returned to municipal entities. Participating municipalities pay a three-percent (%3) service fee, which ensures that the municipality receives the maximum level of taxes authorized by state statute.

Contact:

Cliff Palmer

Or

Michael Soto

800-556-7274 x34221

Fax 208-693-3346

 ipt@lamats.net.

http://www.lamats.net/