Maine § 36 §2523 Taxation of workers' compensation insurers

Maine Statutes

§ 36 §2523 — Taxation of workers' compensation insurers

Maine § 36 §2523

Title 36TAXATION

Part 4BUSINESS TAXES

Ch. 357INSURANCE COMPANIES

This text of Maine § 36 §2523 (Taxation of workers' compensation insurers) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 36, § 36 §2523 (2026).

Text

1.Tax on insurance companies. Every insurance company or association which does business or collects premiums or assessments for workers' compensation insurance in this State shall, for the privilege of doing business in this State and in addition to any other taxes imposed for that privilege, pay a tax of 2% upon all gross direct premiums written, whether in cash or in notes absolutely payable on contracts written on risks located or resident in the State for workers' compensation insurance, less return premiums thereon and less all dividends paid to policyholders.

2.Returns. Insurance companies and associations shall file a return, as prescribed by the assessor, under section 2521‑A for the tax levied by this section.

3.Fund. Taxes collected under this section shall be paid forthwith

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Tax on insurance companies.
Every insurance company or association which does business or collects premiums or assessments for workers' compensation insurance in this State shall, for the privilege of doing business in this State and in addition to any other taxes imposed for that privilege, pay a tax of 2% upon all gross direct premiums written, whether in cash or in notes absolutely payable on contracts written on risks located or resident in the State for workers' compensation insurance, less return premiums thereon and less all dividends paid to policyholders.
2.
Returns.
Insurance companies and associations shall file a return, as prescribed by the assessor, under section 2521‑A for the tax levied by this section.
3.
Fund.
Taxes collected under this section shall be paid forthwith by the State Tax Assessor to the General Fund.