AB1155,,110110(c) If the withdrawal occurs within 3 years after the date on which the insurer made the qualified investment, 50 percent.
AB1155,,111111(d) If the withdrawal occurs within 4 years after the date on which the insurer made the qualified investment, 25 percent.
AB1155,,112112(e) If the withdrawal occurs within 5 years after the date on which the insurer made the qualified investment, 10 percent.
AB1155,13113Section 13. 76.67 (2) of the statutes is amended to read:
AB1155,,11411476.67 (2) If any domestic insurer is licensed to transact insurance business in another state, this state may not require similar insurers domiciled in that other state to pay taxes greater in the aggregate than the aggregate amount of taxes that a domestic insurer is required to pay to that other state for the same year less the credits under ss. 76.634, 76.635, 76.636, 76.637, 76.638, and 76.655, except that the amount imposed shall not be less than the total of the amounts due under ss. 76.65 (2) and 601.93 and, if the insurer is subject to s. 76.60, 0.375 percent of its gross premiums, as calculated under s. 76.62, less offsets allowed under s. 646.51 (7) or under ss. 76.634, 76.635, 76.636, 76.637, 76.638, 76.639, and 76.655 against that total, and except that the amount imposed shall not be less than the amount due under s. 601.93.
AB1155,,115115(end)