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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
July 07, 2006 at 03:38 PM
Keystone State Gov. Edward Rendell has signed 2 bills of interest to life insurers.
One of the bills, H.B. 801, will cut the state’s life insurance valuation fee, or tax, to $1 per $100,000 of coverage, from the current rate of $1.50 per $100,000.
The state increased the valuation fee during the 2003-2004 budget cycle, in an effort to increase revenue.
The higher valuation fee “has not brought in the revenue the administration expected, namely because a few life insurance companies have ‘redomesticated,’ or moved their main businesses, out-of-state,” according to an analysis by state Sen. Joe Conti, R-Doylestown, Pa. “Tax policy should encourage businesses to locate here, not penalize them from doing so.”
Rendell, a Democrat, also has signed S.B. 1043, which authorizes the state to pay for the maximum amount of life insurance coverage available to members of the Pennsylvania National Guard through the federal Servicemembers’ Group Life Insurance program.
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