This allows the DOI adequate time to update the next fiscal year tax schedule and other resources prior to the July 1 effective date. This year, the deadline falls on March 23, 2022.
The Department is required to notify each insurance company engaged in business in the Commonwealth of the local governments that have elected to impose fees or taxes, and the current amount of the fee or rate of tax.
The updated tax schedule, 2021-2022 Local Government Premium Tax bulletin, and other resources are available on the Department website at https://insurance.ky.gov/ppc/Documents/LGPT%20Bulletin%202021-2022.pdf
For additional information, contact DOI’s John Hord at (502) 564-1649 or email john.hord@ky.gov.
