00HOUSE BILL NO. 490                                                                                                    
01 "An Act relating to insurance premium taxes."                                                                           
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
03    * Section 1.  AS 21.09.210(i) is amended to read:                                                                  
04  (i)  Premiums paid by the state , premiums paid by employers who                                                     
05 participate in the Public Employees' Retirement System of Alaska or in the                                              
06 Teacher's Retirement System of Alaska,  [FOR INSURANCE POLICIES] and                                                   
07  premiums paid under  contracts purchased under the provisions of AS 39.30 are                                        
08 exempt from taxation under this  chapter  [SECTION].  An insurer may not include the                                  
09 tax imposed under this section in a premium charged on an insurance policy or                                           
10 contract purchased by the state under the provisions of AS 39.30.  An insurer may                                       
11 claim the exemption on forms provided by the division of insurance.