I understand that a retaliatory tax is one imposed only on insurance companies headquartered out of state and that such a tax is designed to tax a company at the level it would be taxed by its home state if that exceeds the level of taxation in the taxing state. The problem: one of our attorneys is trying to locate a single source from which we could find, for each state, the percentage of its total insurance tax revenue derived from retaliatory taxes and the percentage of its total insurance tax revenue from out of state companies derived from a retaliatory tax.
I have spoken with the Center of Study on States in Albany, the Federation of Tax Administrators, the Multistate Tax Commission, the National Association of State Development Agencies, and the the Census Bureau's government division. I have had no luck with any of these leads. One gentlemen told me he thought the only way to find this information (if it exists at all) would be to call each state. Obviously, we would use that as a last resort.
Do any of you have any suggestions? TIA. Barbara Haeny, Reference Supervisor, Dorsey & Whitney LLP
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