Hawaii Gets New Captive Tax, Fee Rules

Hawaii's Governor Ben Cayetano signed a measure into law lastweek that simplifies the state's premium tax law for captives.

Under the new rules, effective immediately, all captivelicensees will be subject to a flat 0.25 percent tax on the first$25 million of premiums, 0.15 percent on the next $25 million, and0.05 percent on premiums in excess of $50 million.

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