2005 Idaho Code - 41-405 — PREMIUM TAX IN LIEU OF OTHER TAXES -- LOCAL TAXES PROHIBITED

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 4
                                FEES AND TAXES
    41-405.  PREMIUM TAX IN LIEU OF OTHER TAXES -- LOCAL TAXES PROHIBITED. (1)
Payment to the director by an insurer of the tax upon its premiums as in this
chapter required, shall be in lieu of all other taxes upon premiums, taxes
upon income, franchise or other taxes measured by income, and upon the
personal property of the insurer and the shares of stock or assets thereof;
provided, that all real property, if any, of the insurer shall be listed,
assessed and taxed the same as real property of like character of individuals.
    (2)  The state of Idaho hereby preempts the field of imposing excise,
privilege, franchise, income, license, permit, registration, and similar
taxes, licenses and fees upon insurers and their agents and other
representatives as such; and no county, city, municipality, district, or other
political subdivision or agency in this state shall levy upon insurers, or
upon their agents and representatives as such, any such tax, license or fee;
nor shall any such county, city, municipality, district, political subdivision
or agency require of any such insurer, agent or representative, duly
authorized or licensed as such under this code, any additional authorization,
license, or permit of any kind for conducting therein transactions otherwise
lawful under the authority or license granted under this code.