Connecticut Captive Premium Tax
| PREMIUM | DIRECT | REINSURANCE |
|---|---|---|
| $0 - $20M | 0.380% | 0.214% |
| $20M - $40M | 0.285% | 0.143% |
| $40M - $60M | 0.190% | 0.048% |
| >$60M | 0.072% | 0.024% |
Min premium tax: $7,500 per year; Maximum $200,000 per year.
Connecticut provides a $7,500 premium tax credit during the first year of captive operations.
All tax related questions should be directed to Department of Revenue Services.
Check myconneCT – File & Pay taxes online for details
CT Captives will be invoiced for the following:
- One-time initial license application fee: $800
- Captive annual licensing fee: $375