2006 Massachusetts Code - Chapter 63 — Section 22. Companies other than life; premiums subject to taxation; rate.

Section 22. Every domestic insurance company coming within the scope of the definition of a domestic company in section one of chapter one hundred and seventy-five, except life insurance companies with respect to amounts received as consideration for annuity contracts and business taxable under section twenty and marine, or fire and marine, insurance companies with respect to business taxable under section twenty-nine A, shall annually pay an excise of two per cent upon the gross premiums for all policies written or renewed, all additional premiums charged, and all assessments made by such company or policyholders during the preceding calendar year, exclusive of reinsurance; but such premiums and assessments for policies written or renewed for insurance, exclusive of reinsurance, of property or interests in other states or countries where a tax is actually paid by such company, or its agents, shall not be so taxed.