00Enrolled SB 15                                                                                                          
01 Relating to the tax on policy year premiums for life insurance policies.                                                
02                           _______________                                                                               
03    * Section 1. AS 21.09.210(m) is amended to read:                                                                   
04            (m)  The tax imposed under this section for an individual life insurance policy                              
05       shall be computed at the rate of                                                                                  
06                 (1)  2.7 percent of policy year premium up to $100,000; and                                             
07                 (2)  0.08 [ONE-TENTH OF ONE] percent of policy year premium                                         
08       exceeding $100,000.                                                                                               
09    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
10 read:                                                                                                                   
11       APPLICABILITY. AS 21.09.210(m), as amended by sec. 1 of this Act, applies to                                      
12 policy year premiums for a calendar year that begins after December 31, 2015.