taxation omnibus

Summary

The bill rewrites Arizona’s premium tax rules, setting new filing deadlines and tax rates for different insurance lines, with a reduced 0.66% rate for fire insurance in cities that use private fire companies and higher rates elsewhere. It directs 85% of the fire‑insurance tax to municipal fire‑fighter retirement accounts and adds extra monthly reporting for insurers that owe $50,000 or more. The changes are intended to fund fire protection and align tax calculations with current insurance practices.

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