Instructions For Form Dr-908n - Florida Insurance Premium Taxes And Fees Return - 2018 Page 12
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13Florida Department of Revenue Form DR-908 Instructions
DR-908N
R. 01/18
Page 12
assessment. Take the resulting ratio (carried to six decimal
Any Credit for Contributions to Nonprofit Scholarship
Funding Organizations claimed on Schedule III, Line 10,
places) times the FIGA assessment paid. Perform this
computation for each FIGA assessment paid and add the
should be included in the amount on this line in Column A.
results for the total allowable FIGA assessment to be included
Include any similar credit against the state of incorporation’s
on Line 7, Column A.
insurance premium tax on this line in Column B.
The Formula to Calculate the Property Portions of the
Any New Markets Tax Credit claimed on Schedule III,
FIGA Assessment is:
Line 11, should be included in the amount on this line in
Column A. Include any similar credit against the state
A ÷ B × C
of incorporation’s insurance premium tax on this line in
Column B.
A= Property Insurance Premiums Subject to FIGA Assessment
B= Total Insurance Premiums Subject to FIGA Assessment
For the certified capital company credit, capital investment
C= FIGA Assessment levied by Florida Insurance Guaranty
tax credit, community contribution tax credit, credit for
Association
contributions to nonprofit scholarship-funding organizations
and new markets tax credit, only include amounts on this line
Enter any guaranty assessment related to property insurance
to the extent they reduced the insurance premium tax and wet
that may be imposed in the state of incorporation in Column B,
marine and transportation tax on Line 1.
by calculating the assessment a similar Florida insurer would
have been assessed.
Line 13. Workers’ Compensation Credit
Enter the workers’ compensation credit claimed from
Line 8. Fire Marshal Taxes
Schedule III, Line 1, in Column A. Enter any similar credit
Enter the amount from Page 1, Line 4 in Column A. Enter any
against the state of incorporation premium tax, in Column B.
fire marshal tax which may be imposed upon insurers writing
premiums in the state of incorporation, using the level of
Line 14. Total
premiums written in Florida, in Column B.
Enter the sum of Lines 1 through 13 for both Column A and
Column B.
Line 9. Annual and Quarterly Statement Filing Fee
Enter the total annual and quarterly statement filing fees
Line 15. Retaliatory Tax Due
from Page 1, Line 9 in Column A. Enter any like or similar
Subtract the total on Line 14 for the State of Florida
fee imposed upon insurers writing premiums in the state of
(Column A) from the total on Line 14 for the state of
incorporation in Column B.
incorporation (Column B), and enter the total tax here and on
Page 1, Line 8. Do not enter if less than -0-.
Line 10. Annual License Tax and Certificate of Authority
Enter the amount paid to the State of Florida for the annual
Schedule XV
license tax and the certificate of authority of the insurer in
Column A. Enter any like or similar fee imposed upon insurers
Not Used
writing premiums in the state of incorporation in Column B.
Line 11. Agents’ Fees
Schedule XVI
Enter the agents’ fees paid by the insurer or agent to the State
Insurance Policy Surcharge
of Florida in Column A. Enter any like or similar fee imposed
Section 252.372, F.S., imposes a $2 and $4 surcharge on
upon insurers or agents writing premiums in the state of
policies issued or renewed covering Florida residential or
incorporation using the insurer’s Florida agents, in Column B.
commercial real property.
Line 12. Other Taxes and Fees
Every insurer, must collect a surcharge from the policy holders
Enter any other taxes and fees which may be imposed upon
of certain types of property insurance. The surcharge does
insurers writing premiums in the State of Florida or the state
not apply to policies on tangible personal property, except
of incorporation in Column A and Column B, respectively.
multiple peril type policies on residential or commercial
Please include a schedule itemizing each of these taxes or
properties and mobile homes.
fees.
The figures used in this schedule are for the entire
Any Certified Capital Company (CAPCO) Credit claimed
calendar year and not just the fourth quarter.
on Schedule III, Line 8, should be included in the amount on
this line in Column A. Include any similar credit against the
Line A. Commercial
state of incorporation’s insurance premium tax on this line in
For the 2017 calendar year, enter the total number of
Column B.
commercial fire, commercial multiple peril, business owner’s
property, and all other policies covering commercial real
Any Capital Investment Tax Credit claimed on
property in Florida. Multiply by $4 to determine the total
Schedule III, Line 9, should be included in the amount on
amount due for commercial policies for the calendar year.
this line in Column A. Include any similar credit against the
state of incorporation’s insurance premium tax on this line in
Line B. Residential
Column B.
For the 2017 calendar year, enter the total number of
residential fire, homeowners, mobile homeowners, tenant
Any Community Contribution Tax Credit claimed on
homeowners, condominium unit owners, and all other policies
Schedule III, Line 7, should be included in the amount on
covering residential property in Florida. Multiply by $2 to
this line in Column A. Include any similar credit against the
determine the total amount due for residential policies for the
state of incorporation’s insurance premium tax on this line in
calendar year.
Column B.
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