31A-3-102. Exclusive fees and taxes.

239 words·~1 min read·/ut/title-31a/chapter-3/31a-3-102

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 11/6/2025

(1)The following are in place of any other license fee or license assessment that might otherwise be levied against a licensee by the state or a political subdivision of the state:

(a)subject to Subsection

(4), taxes and fees under this chapter;

(b)the premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers ;

(c)the fees under Section 31A-31-108 ; and

(d)the examination costs under Section 31A-2-205 .

(2)The following are not subject to Title 59, Chapter 7, Corporate Franchise and Income Taxes :

(a)an insurer that is subject to premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers , regardless of whether the insurance company has a tax liability under that chapter;

(b)an insurance company that engages in a transaction that is subject to taxes under Section 31A-3-301 or 31A-3-302 , regardless of whether the insurance company has a tax liability under that section; and

(c)a captive insurance company as provided in Section 31A-3-304 that pays a fee imposed under Section 31A-3-304 .

(3)Unless otherwise exempt, a licensee under this title is subject to real and personal property taxes.

(4)A tax or fee under this chapter is not in place of a tax or fee a municipality or county imposes in accordance with Section 10-1-203 or 17-64-505 .

Amended by Chapter 16 , 2025 Special Session 1