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Florida Guaranty Association Assessment Recoupment No Longer Reportable as Taxable Premiums

Amounts recouped from policyholders as a result of a Florida Insurance Guaranty Association (FIGA) assessment under subsection 631.57(3), Florida Statutes (F.S.), levied on or after July 1, 2015, are no longer considered taxable premiums. Recouped regular and emergency assessments are specifically excluded from taxable premiums and, therefore, are not subject

Global Prescription Drug Sales Will Reach Nearly $1 Trillion in the Next 5 Years

Global prescription drug sales will grow 4.8 percent a year until reaching $987 billion by 2020, according to a new report from EvaluatePharma. “For the industry to sustain this impressive growth they will have to make compromises around global pricing and market access,” said Lisa Urquhart, editor of EP Vantage, which

Governor Scott Vetoes HB 105

TALLAHASSEE,Fla- On Tuesday, Governor Scott vetoed HB 105, which would have established municipal service taxing units to include levying a new excise tax on property insurance policies. For entire veto letter:.pdf | Governor Rick Scott 

Governor Scott: Healthcare Commission’s Work to Gather Hospital Data and Measurements on Patient Quality of Care Vital to Informing Funding Decisions

  TALLAHASSEE, Fla. – Today, the Commission on Healthcare and Hospital Funding met in Tampa for the first of a three-stop Spotlight Transparency Tour across Florida. The Commission’s tour focuses on how taxpayer money in Florida supports Florida hospitals and what results for patients are provided at taxpayer-financed institutions. Governor

Citizens Launching Hurricane, Mobile Home Communications Campaigns

“Citizens Is Ready” is a public education campaign of programs and people working behind the scenes at Citizens Property Insurance Corporation to prepare Florida’s largest property insurer – in the event a catastrophe strikes. This campaign is designed to enhance the public awareness of the many ways Citizens prepares for

Governor Scott Halting Injunction Bid in LIP Lawsuit, Pointing to Budget Agreement

TALLAHASSEE,Fla- Pointing to a budget agreement reached by lawmakers, Gov. Rick Scott’s attorneys late Tuesday withdrew a request for a preliminary injunction in a legal battle with the Obama administration about health-care funding, according to a notice filed in federal court in Pensacola. The notice, however, said Scott is not

Alacha County v. Expedia

The Florida Supreme Court held that Counties may not use the Tourist Development Tax to tax On-Line Travel Companies, like Expedia, the total monetary amount charged to secure hotel reservations.  Counties may only tax the actual amount that the On-Line Travel Company pays for the hotel reservation.  Alachua Cnty, et