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Bill > HB1689
MS HB1689
MS HB1689Insurance premium tax; exempt property and casualty policies covering school districts.
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/25/2026
02/25/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-15-103, Mississippi Code Of 1972, To Exclude Premiums On Property And Casualty Insurance Coverage For School Districts From Privilege Taxes Levied On Foreign Insurance Carriers; To Amend Section 27-15-109, Mississippi Code Of 1972, To Exclude Premiums On Property And Casualty Insurance Coverage For School Districts From Privilege Taxes Levied On Domestic Insurance Carriers; And For Related Purposes.
AI Summary
This bill exempts premiums collected by insurance carriers for property and casualty coverage provided to Mississippi school districts from the state's insurance premium tax, which is a privilege tax levied on insurance companies for the right to do business in the state. This exemption applies to both foreign insurance carriers (companies based outside of Mississippi) and domestic insurance carriers (companies based within Mississippi), ensuring that school districts do not have to bear the cost of this tax on their property and casualty insurance policies. The bill amends existing Mississippi Code sections that currently impose this tax on insurance premiums.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1689.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1600-1699/HB1689IN.htm |
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