Mississippi legislation · 2026 Regular Session
Mississippi HB1689: Insurance premium tax; exempt property and casualty policies covering school districts.
Status: Failed, February 25, 2026
AN ACT TO AMEND SECTION 27-15-103, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON PROPERTY AND CASUALTY INSURANCE COVERAGE FOR SCHOOL DISTRICTS FROM PRIVILEGE TAXES LEVIED ON FOREIGN INSURANCE CARRIERS; TO AMEND SECTION 27-15-109, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON PROPERTY AND CASUALTY INSURANCE COVERAGE FOR SCHOOL DISTRICTS 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 property and casualty insurance coverage for school districts from privilege taxes levied on foreign insurance carriers; to amend section 27-15-109, mississippi code of 1972, to exclude premiums on property and casualty insurance coverage for school districts 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 PROPERTY AND CASUALTY INSURANCE COVERAGE FOR SCHOOL DISTRICTS FROM PRIVILEGE TAXES LEVIED ON FOREIGN INSURANCE CARRIERS; TO AMEND SECTION 27-15-109, MISSISSIPPI CODE OF 1972, TO EXCLUDE PREMIUMS ON PROPERTY AND CASUALTY INSURANCE COVERAGE FOR SCHOOL DISTRICTS 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 hereby 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/R1460* H. B. No. 1689 ~ OFFICIAL ~ R3/5 26/HR43/R1460 PAGE 1 (BS\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 …
Sponsors
- Zuber, Henry (R, 113) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Ways and Means
Subjects: Insurance premium tax
Common questions
- What is HB1689?
- HB1689 is a bill in the Mississippi Legislature (2026 Regular Session): Insurance premium tax; exempt property and casualty policies covering school districts.
- What does HB1689 do?
- In its own words: An act to amend section 27-15-103, mississippi code of 1972, to exclude premiums on property and casualty insurance coverage for school districts from privilege taxes levied on foreign insurance carriers; to amend section 27-15-109, mississippi code of 1972, to exclude premiums on property and casualty insurance coverage for school districts from privilege taxes levied on domestic insurance carriers; and for related purposes.
- What is the status of HB1689?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored HB1689?
- Zuber, Henry (R, 113).
- Where is the official record for HB1689?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1689.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.