Treasury Regulations (26 C.F.R.)
26 CFR § 46.4371-3
Rate and computation of tax.
Official textecfr.govlast amended
# (a) Rate of tax.
(1) The tax under section 4371(1) is imposed at the rate of 4 cents on each dollar, or fractional part thereof, of the premium payment.
(2) The tax under section 4371 (2) and (3) is imposed at the rate of 1 cent on each dollar, or fractional part thereof, of the premium payment.
# (b) Meaning of premium payment.
For purposes of this subpart, the term “premium payment” means the consideration paid for assuming and carrying the risk or obligation, and includes any additional assessment or charge paid under the contract, whether payable in one sum or installments.
Source: view the official text
In this part (10 sections)
- 46.0-1 · Introduction.
- 46.4371-1 · Applicability of subpart.
- 46.4371-2 · Imposition of tax on policies issued by foreign insurers;…
- 46.4371-3 · Rate and computation of tax.
- 46.4371-4 · Records required with respect to foreign insurance policies.
- 46.4374-1 · Liability for tax.
- 46.4375-1 · Fee on issuers of specified health insurance policies.
- 46.4376-1 · Fee on sponsors of self-insured health plans.
- 46.4377-1 · Definitions and special rules.
- 46.4701-1 · Tax on issuer of registration-required obligation not in…