|
State Premium Taxes |
|
|
Some states impose a "State
Premium Tax" against either the Accumulated Value of the variable annuity
or the Purchase Payments. Companies deduct these taxes as incurred
according to state regulations. State tax laws change, check with
the company issuing your variable annuity contract for the most current
tax status. |
|
| Taxes as of December 1,
1997 |
|
| State |
Qualified
Funds |
Non-Qualified
Funds |
|
|
| South Dakota |
0% |
1.25% |
| Assesses a
Premium Tax against the Initial Premium Payment and all Additional Premium
Payments |
California
District
of Columbia
Kansas
Kentucky
Maine
Nevada
West
Virginia
Wyoming |
.50%
2.25%
0%
2.00%
0%
0%
1.00%
0% |
2.35%
2.25%
2.00%
2.00%
2.00%
3.50%
1.00%
1.00% |
| Assesses a
Premium Tax against the Accumulated Values when the Owner choses an
Annuity Payment Option.
|