Insured FAQ
I'm tax-exempt. Do I still have to pay surplus line taxes and fees?
Yes. By saying you are tax-exempt, you probably mean you are a
nonprofit or charitable organization and have one or both of the
following: (1) an exemption from Illinois Retailers' Occupation
Tax -- commonly referred to as sales tax; (2) A Federal Income Tax exemption.
These exemptions are only for the taxes to which they specifically refer and offer you
no relief from Surplus Line Tax, Fire Marshal Tax or
Association Stamping Fees.
Disclaimer
The materials and information contained herein are only synopses of laws, regulations and other information and do not constitute legal advice. It is recommended that you consult your legal advisers regarding application of state and federal laws and regulations to any particular situation. The Surplus Line Association of Illinois (SLAI) does not undertake and hereby disclaims any obligation to advise you of any change to laws and regulations or to the SLAI procedures.
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