Pennsylvania HB1865 amends the insurance premiums tax rate to eight percent for companies operating in the state.

HB1865 amends the Tax Reform Code of 1971 to change the insurance premiums tax rate for companies operating in Pennsylvania. The bill specifies that every insurance company must pay a tax of eight percent of the gross premiums received from business done within the Commonwealth each year. This amendment applies to calendar years beginning after December 31, 2025.

Pennsylvania HB1865 amends the insurance premiums tax rate to eight percent for companies operating in the state.

HB1865 amends the Tax Reform Code of 1971 to change the insurance premiums tax rate for companies operating in Pennsylvania. The bill specifies that every insurance company must pay a tax of eight percent of the gross premiums received from business done within the Commonwealth each year. This amendment applies to calendar years beginning after December 31, 2025.