Maine Revised Statutes Title 24-A Sec. 602 – Tax on premiums and annuity considerations
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Terms Used In Maine Revised Statutes Title 24-A Sec. 602
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
As to returns and taxes on premiums and annuity considerations refer to Title 36, chapter 357. [PL 1989, c. 502, Pt. A, §92 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1989, c. 502, §A92 (AMD).