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A PARTNERSHIP OF PROFESSIONAL ASSOCIATIONS
ATTORNEYS AT LAW
MEMORANDUM
TO: ALL 175-185 PLANS
FROM: KLAUSNER KAUFMAN JENSEN & LEVINSON
RE: INSURANCE PREMIUM TAX (IPT) DATABASE REMINDER
DATE: DECEMBER 5, 2015
Following the adoption of SB 172 and the renewed focus on premium taxes, it is useful to update
clients on the ways of maximizing your receipt of revenue, whether the premium taxes are used to
offset City contributions or are being paid into a share plan. In other words, the purpose of this is
memorandum is to provide a friendly reminder about low hanging fruit, the collection of which is
mutually beneficial for the retirement system and the city/plan sponsor.
This memo will describe what can be done to improve the collection of Insurance Premium Tax
(IPT) revenue, which is dedicated for Chapter 175 and Chapter 185 pension plans, and
communications services tax (CST) revenue which is payable to cities. Our informal sampling
of cities in the IPT/CST database suggests that many cities have not updated the database for several
years.
In particular, we have determined that IPT database shortcomings often arise in the following three
instances: 1) municipal annexations, 2) new construction on previously undeveloped land, and 3)
areas under which police or fire services are being contractually provided by inter -local agreement.
In sum, it is not safe to assume that the database is automatically registering your recent annexations,
new construction or inter -local service boundaries. This is particularly true if there has been turnover
in your city in the positions responsible for working with the Department of Revenue, as the IPT
database contact person.
7080 NORTHWEST 4TH STREET, PLANTATION, FLORIDA 33317
PHONE: (954) 916-1202 • FAX: (954) 916-1232
www.robertdklausner.com
What can you do?
1) Provide a copy of this memo to your city's assigned IPT database contact person. A copy of
the Department of Revenue's contact list is attached, which should contain the name,
telephone number and email address for your city's assigned IPT contact person.
2) Pay attention to any annexations during the past several years. Our office is happy to help
verify that the new properties have been properly added into the database;
3) Periodically use the https://pointmatch.state.fl.us website to independently verify that
known city addresses are included in the database. A copy of the online "tax and address
lookup" tool is attached.
4) Explain to your city that the proper registration of correct municipal boundaries, addresses
and police/fire codes is in the mutual interest of your pension plan and the city. Because the
identical database is used to allocate CST taxes to cities, as well as IPT taxes to the pension
plans, it is in the collective interest of both the plans and plan sponsors that the database is
being correctly updated and periodically monitored.
If the attached list doesn't provide a contact for your city it is important to make sure that a
contact person is assigned and trained to work with the database;
Our office is available to answer any questions on this subject.
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