The premium tax levied by this chapter is exclusive and shall be in lieu of all other and additional taxes and licenses of the state or county imposed on, based upon or measured by premiums received by the insurer for business done in this state. No license or privilege tax shall be charged any insurer paying the premium tax levied by this chapter by or on behalf of any county.
Ala. Code § 27-4A-5
Exclusive Tax on Premiums.
Known as the The Insurance Premium Tax Reform Act
The act spans §§ 27-4A-1 to 27-4A-7 (7 sections).
(Acts 1993, No. 93-679, p. 1291, §5.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.