280-20-60 R.I. Code R. § 1.7

Current through June 20, 2024
Section 280-RICR-20-60-1.7 - 2017 Rulemaking Concerning Premium Tax Rate
A. Finding of Facts
1. During the initial review, Qualifying Insurers reported to DBR 5,039 Qualifying Jobs during the 2015 baseline year and 4,841 Qualifying Jobs during 2016, reflecting a loss of 198 Qualifying Jobs. The Division of Taxation's review of the number of total jobs at the Qualifying Insurers corroborated that trend, in showing a decrease of 293 total jobs at those Qualifying Insurers.
B. Rulemaking
1. The Committee finds that there has not been a sufficient net increase in Qualifying Jobs in the preceding calendar year to offset a material reduction in the premium tax. Thus, there will be no change in the current premium tax rate during calendar year 2018.

280 R.I. Code R. § 280-RICR-20-60-1.7