Instructions For Form Dr-908n - Florida Insurance Premium Taxes And Fees Return - 2018 Page 5
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13Florida Department of Revenue Form DR-908 Instructions
DR-908N
R. 01/18
Page 5
Line 7. Medical Malpractice Self-Insurance
Line 3. Total Annuity Premiums Due
Premiums, contributions, and assessments received by a
Subtract Line 2 from Line 1; enter the difference on Line 3, and
medical malpractice self-insurance fund under s. 627.357,
on Schedule I, Line 11. If zero or less, enter -0-.
F.S., are taxable at a rate of 1.6 percent (.016). Enter the
taxable premiums, contributions, and assessments and then
Schedule III
multiply this amount by the tax rate of 1.6 percent (.016).
Credits Against The Premium Tax
Enter the result in the “Tax Due” column.
Line 1. Workers’ Compensation Administrative
Line 8. Assessable Mutual Insurers
Assessment Credit
Premiums, contributions, and assessments received by an
Enter the amount from Schedule VI, Line 4.
assessable mutual insurer under s. 628.6015, F.S., are taxable
Line 2. Firefighters’ Pension Trust Fund Credit
at a rate of 1.6 percent (.016). Enter the taxable premiums,
Enter the amount from Schedule XII - B, Line 3 minus any
contributions, and assessments and then multiply this amount
Firefighters’ Pension Trust Fund credit used on Schedule XI,
by the tax rate of 1.6 percent (.016). Enter the result in the
Line 6.
“Tax Due” column.
Line 3. Municipal Police Officers’ Retirement Trust Fund
Line 9. Corporation Not-for-Profit Self-Insurance Funds
Credit
Premiums, contributions, and assessments received by
Enter the amount from Schedule XIII - B, Line 3 minus any
a corporation not for profit self-insurance fund under s.
Municipal Police Officers’ Retirement Trust Fund credit used
624.4625, F.S., are taxable at a rate of 1.6 percent (.016).
on Schedule XI, Line 7.
Enter the taxable premiums, contributions, and assessments
and then multiply this amount by the tax rate of 1.6 percent
Line 4. Eligible Corporate Income Tax Credit
(.016). Enter the result in the “Tax Due” column.
Enter the amount from Schedule V, Line 11.
Line 10. Public Housing Authorities Self-Insurance Funds
Line 5. Salary Tax Credit
Premiums, contributions, and assessments received by public
Enter the amount from Schedule V, Line 12.
housing authorities self-insurance funds under s. 624.46226,
Line 6. Florida Life and Health Insurance Guaranty
F.S., are taxable at a rate of 1.6 percent (.016) under s.
Association Credit
624.46226, 624.4621, or 624.475, F.S. Enter the taxable
Enter the amount from Schedule VII, Line 1.
premium, contributions, and assessments and then multiply
this amount by the tax rate of 1.6 percent (.016). Enter the
Line 7. Community Contribution Credit
result in the “Tax Due” column.
Enter the amount of Community Contribution Credit approved
for the tax year under s. 624.5105, F.S., less any Community
Line 11. Annuity Premiums
Contribution Credit taken against the Wet Marine and
Enter the total from Schedule II, Line 3 in the “Tax Due”
Transportation Tax from Schedule XI, Line 8.
column on Line 11.
A copy of the approval letter must be attached to the Form
Line 12. Total Premium Tax Due
DR-908 on which the credit is claimed. Any Community
Add Lines 1c, 2c, 3c, and 4 through 11 and enter the total
Contribution Credit not used in any single year may be
premium tax due on Line 12. The total premium tax due is
carried forward for a period not to exceed five (5) years. If
then entered on Page 1, Line 1 of the return. If zero or less,
credit carryovers are used, attach a schedule reconciling all
enter -0-.
carryovers.
Schedule II
Line 8. Certified Capital Company (CAPCO) Credit
Annuity Consideration Premiums
Only carried forward amounts can be claimed after 2009. The
certified investor shall be allowed to use no more than 10
Line 1. Total Annuity Premiums
percent (.10) of the vested premium tax credit, including any
Enter the amount of gross receipts on annuity policies or
carry forward credits, per year. Any CAPCO Credit not used
contracts paid by holders in the State of Florida. Multiply the
by the certified investor in any single year may be carried
total premiums by the rate of 1 percent (.01), and enter the tax
forward and applied against the premium tax liabilities of
due in the corresponding column.
such investor for subsequent calendar years until such carry
This tax must be assessed when the annuity premium is
forward amount is used. Attach a schedule reconciling
received, not when the annuity matures or is otherwise
all credit carryovers, transfers, and sales. If credit
terminated.
carryovers are used or any part of the credit is transferred,
purchased, or sold under the provision of
Line 2. Tax Savings Credited to Annuity Holders
s. 288.99, F.S. (2010), attach a schedule reconciling all
Per s. 624.509(8), F.S., the premium tax shall not be imposed
transfers, purchases, sales, or carryovers. For transfers,
upon receipts of annuity premiums or considerations paid
list the company name and FEIN of the certified investor
by holders in the State of Florida if the tax savings derived
and the transferee(s). For sales, list the company name
are credited to the annuity holders. Upon request by the
and FEIN of the certified investor, the purchaser(s), and
Department of Revenue, any insurer availing itself of this
the seller(s).
provision shall submit to the Department evidence which
establishes that the tax savings derived have been credited
Line 9. Capital Investment Tax Credit
to annuity holders. The term “holders” includes employers
Enter the amount of the Capital Investment Tax Credit
contributing to an employee’s pension, annuity, or profit-
approved for the tax year.
sharing plan.
Per s. 220.191(2), F.S., an annual investment tax credit is
Enter the amount of the tax savings, if any, in the appropriate
available to a qualifying business that establishes a qualifying
column.
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