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There has been a lot reported in the newspapers lately about tax credits. What are the premium tax credits I have been reading so much about?

April 26, 2017newspapers Premium Reading reported tax credits

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There has been a lot reported in the newspapers lately about tax credits. What are the premium tax credits I have been reading so much about?

1 Answer

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The new law provides a premium tax credit for licensed insurers who write full property and casualty coverage to specifically include wind and hail coverage in areas eligible for coverage through the “Wind Pool.” The purpose of this section is to encourage insurers to write more business in the coastal areas of the state.