Tax; amount; loss for purpose of worker's compensation insurance
rates
Sec. 47. The annual tax shall be an amount equal to three-fourths
of one percent (0.75%) of the total worker's compensation benefits
paid in this state by the insurance carrier and self-insured employers
as provided in section 46 of this chapter during the preceding
calendar year, excluding medical payments. The tax shall constitute
an element of loss for the purpose of establishing worker's
compensation insurance rates.
(Formerly: Acts 1971, P.L.356, SEC.1.) As amended by
P.L.144-1986, SEC.177; P.L.28-1988, SEC.71.
Last modified: May 27, 2006