Tax Status Codes
Tax Status Codes
When filing a policy with FSLSO, filers are required to select a coverage code and corresponding tax status. The tax status allows FSLSO’s filing platform to accurately charge the appropriate taxes, fees and assessments. The table below provides a description of each tax status and its corresponding details.
| TAX STATUS | IS SUBJECT TO | DESCRIPTION |
|---|---|---|
| Tax Status 0 (Taxable) | Taxes, Service Office Fee and Assessments | |
| Tax Status 1 (Non-Taxable) | Service Office Fee and Assessments | Applicable to Commercial Airport/Aircraft coverages (coverage codes 9000 – 9004). Not applicable to personal and pleasure aircraft (coverage code 9005). |
| Tax Status 2 (Non-Taxable) | Assessments Only | Applicable to all coverage codes for governmental entities (State, County, and Municipality). |
| Tax Status 3 (Non-Taxable) | Service Office Fee and Assessments | Applicable to motor truck cargo, certain ocean marine and ocean cargo coverages (Coverage codes 4002, 3000*, 3001*, 3002, 3003, 3004, 3005, 3007, 3008). Not applicable to personal and pleasure boats and yachts. *Can also be taxable. |
| Tax Status 4 (Non-Taxable) | EMPA Surcharge Only | Applicable to commercial property for specific exempted entities, such as hospital alliances. |
| Tax Status 5 (Non-Taxable) | None | Applicable to entities that are exempt from taxes, fees and assessments. |