Mississippi legislation · 2026 Regular Session
Mississippi HB868: Insurance premium tax; exempt insurance carriers furnishing services to governmental entities.
Status: Failed, February 25, 2026
AN ACT TO AMEND SECTION 27-15-103, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON INSURANCE COVERAGE FOR GOVERNMENTAL ENTITIES FROM PRIVILEGE TAXES LEVIED ON FOREIGN INSURANCE CARRIERS; TO AMEND SECTION 27-15-109, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON INSURANCE COVERAGE FOR GOVERNMENTAL ENTITIES FROM PRIVILEGE TAXES LEVIED ON DOMESTIC INSURANCE CARRIERS; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 27-15-103, mississippi code of 1972, to exclude premiums on insurance coverage for governmental entities from privilege taxes levied on foreign insurance carriers; to amend section 27-15-109, mississippi code of 1972, to exclude premiums on insurance coverage for governmental entities from privilege taxes levied on domestic insurance carriers; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 27-15-103, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON INSURANCE COVERAGE FOR GOVERNMENTAL ENTITIES FROM PRIVILEGE TAXES LEVIED ON FOREIGN INSURANCE CARRIERS; TO AMEND SECTION 27-15-109, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON INSURANCE COVERAGE FOR GOVERNMENTAL ENTITIES FROM PRIVILEGE TAXES LEVIED ON DOMESTIC INSURANCE CARRIERS; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 27-15-103, Mississippi Code of 1972, is amended as follows: 27-15-103. (1) Except as otherwise provided in Section 83-61-11, in addition to the license tax now or hereafter provided by law, which tax shall be paid when the company enters or is admitted to do business in this state, there is * * * levied and imposed upon all foreign insurance companies and associations, including life insurance companies and associations, health, accident and industrial insurance companies and associations, fire and casualty insurance companies and associations, and all other foreign insurance companies and associations of every kind and description, an additional annual license or privilege tax of *HR43/R68* H. B. No. 868 ~ OFFICIAL ~ R3/5 26/HR43/R68 PAGE 1 (ELS\KP) three percent (3%) of the gross amount of premium receipts received from, and on insurance policies and contracts written in, or covering risks located in this state, except for premiums received on …
Sponsors
- Zuber, Henry (R, 113) · primary sponsor
- Turner, Jerry R. (R, 18)
Latest actions
- : Died In Committee
- : DR - TSDP: IN To WM
- : Referred To Insurance;Ways and Means
Subjects: Insurance premium tax
Common questions
- What is HB868?
- HB868 is a bill in the Mississippi Legislature (2026 Regular Session): Insurance premium tax; exempt insurance carriers furnishing services to governmental entities.
- What does HB868 do?
- In its own words: An act to amend section 27-15-103, mississippi code of 1972, to exclude premiums on insurance coverage for governmental entities from privilege taxes levied on foreign insurance carriers; to amend section 27-15-109, mississippi code of 1972, to exclude premiums on insurance coverage for governmental entities from privilege taxes levied on domestic insurance carriers; and for related purposes.
- What is the status of HB868?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored HB868?
- Zuber, Henry (R, 113), with 1 co-sponsor.
- Where is the official record for HB868?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0868.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.