Enlarge image | NEAR FINAL 8/1/24 *226281* 2024 M11, Insurance Premium Tax Return for Property and Casualty Companies Due March 1, 2025 Check if: Amended Return Name of Insurance Company FEIN Minnesota Tax ID (required) Mailing Address Check if New Address NAIC Number State/Country of Incorporation City State Zip Code Contact Person Email Address Daytime Phone Fax Number Print or Type Type of Company: Stock Mutual Other: Type of Premiums (Check All That Apply) Auto Fire/Property Bail Bonds Title Liability Other This Return Includes: M11B IG259 IG258 M11AR Property, Casualty and Title Premiums A - State of Incorporation Basis B - Minnesota Basis 1 Minnesota fire and other premiums (see instructions) . . . . . . . . . . . . . . . . . . . 1 2 Accident and health premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Total Minnesota direct business (add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . 3 Premiums 4 Minnesota business assumed from unauthorized insurers (reinsurance) . . . . 4 5 Other additions (itemize on a separate schedule) . . . . . . . . . . . . . . . . . . . . . . . 5 6 Gross taxable business (add lines 3 through 5) . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Direct ocean-marine premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Dividends paid in cash (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Deductions 9 Other nontaxable business and dividends (attach a schedule) . . . . . . . . . . . . . 9 10 Total deductions (add lines 7 through 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Net taxable business (subtract line 10 from line 6) . . . . . . . . . . . . . . . . . . . . . . 11 Continue on line 15 of page 2. 12 Tax due (or overpaid) . Enter amount from line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 a Additional charge for underpaying estimated tax (determine from worksheet in the instructions, page 5) . . . . . . . . . . . . . . 13a b Penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13b c Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13c Total (add lines 13a through 13c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 TOTAL AMOUNT DUE (or overpaid ) (add lines 12 and 13) . . . . . . . . . . . . . . 14 If you owe additional tax: Amount Due/Overpaid Payment method: Electronic payment Check (payable to Minnesota Revenue; write MN tax ID number on check; attach voucher) Enter amount paid Date paid (If amount paid is different from amount due on line 14, attach an explanation.) If you overpaid: Amount on line 14 to be credited to next year’s estimated tax . . . . . . . . . . . . . . . . . . . . . . Amount on line 14 to be refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I declare that this return is correct and complete to the best of my knowledge and belief. I confess judgment to the state of Minnesota for the amount of tax shown due to the extent not timely paid. Authorized Signature Title Date Daytime Phone I authorize the Minnesota Department of Revenue to Signature of Preparer Print Name of Preparer Date Daytime Phone discuss this tax return with Sign Here the preparer . Mail to: Minnesota Department of Revenue, Mail Station 1780, 600 N. Robert St., St. Paul, MN 55146-1780. Do not send to the Minnesota Department of Commerce. |
Enlarge image | M11 Page 2 2024 M11, Insurance Premium Tax Return for Property and Casualty Companies (Continued) A B State of Incorporation Basis Minnesota Basis 15 Net taxable business (enter amounts from line 11) . . . . . . . . . . . . . . . . . . . . 15 16 Premium tax percentage rate* . . . . . . . . . . . . . . . . . . . . . . . . . . 16. . . . . . . . . . . % %* 17 Premium tax liability (multiply line 15 by percentage on line 16) . . . . . . . . . 17 18 Fire insurance tax liability (from M11AR, line 12. Attach M11AR) . . . . . . . . . 18 19 Other taxes (itemize on a separate schedule) . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Total premium tax liability (add lines 17, 18 and 19) . . . . . . . . . . . . . . . . . . . 20 21 Licenses and fees (from M11B, line 10. Attach M11B) . . . . . . . . . . . . . . . . . . 21 22 Total taxes, licenses and fees (add lines 20 and 21) . . . . . . . . . . . . . . . . . . . . 22 23 Enter amount from line 22, Column A or B, whichever is greater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Total licenses and fees (from M11B, line 11. Attach M11B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25 Subtract line 24 from line 23 (if zero or less, skip lines 26 through 30, and enter this amount on line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Calculate Your Adjusted Liability 26 Minnesota Guaranty Fund Association offset (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 Minnesota Joint Underwriting Association (JUA) assessment (see instructions) . . . . . . . . . . . . . . . . . . . 27 28 Short Line Railroad Transfer Credit (attach credit certificate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Film Production Credit (attach credit certificate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 30 State Housing Tax Credit Enter the credit certificate number from State Housing: SHTC - - . . . . . .30 31 Tax before refundable credits . If line 25 is zero or less, enter the amount from line 25 . If line 25 is positive, subtract any amounts on lines 26-30 from line 25. (If result is less than zero, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 32 Credit for historic structure rehabilitation (must attach credit certificate) and enter NPS project number: . . . . . . . . . 32 33 Tax liability (subtract line 32 from line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 a Prior year’s overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34a b Estimated payment March 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34b c Estimated payment June 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34c d Estimated payment Sept. 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34d e Estimated payment Dec. 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34e Add lines 34a through 34e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Tax Prepayments and Amount Due/Overpaid 35 Tax due (or overpaid) (subtract line 34 from line 33) Enter on line 12 on page 1. . . . . . . . . . . . . . . . . . . 35 * Line 16 — Tax Rates for Minnesota Basis (check one) 1% for mutual property and casualty insurance companies with total assets of $5 million or less at the end of the calendar year . Enter total assets at end of year: $ 1.26% for mutual insurance companies that sell both property and casualty insurance that had total assets greater than $5 million at the end of the calendar year, but less than $1.6 billion on Dec. 31, 1989. 2% for insurance companies not listed above . |