Thursday, March 6, 2008

County passes insurance tax

The Crittenden County Fiscal Court approved the controversial insurance premium tax during its special meeting this morning.

Magistrates, however, amended the original proposal of a 4-percent tax before casting the favorable vote. The approved version levies a 2-percent tax on all insurance premiums, excluding health, life and worker's compensation. The amended version of the tax ordinance passed by a 5-1 margin with Magistrate Greg West casting the only dissenting vote.

About 40 people attended the meeting. The vote was taken after more than 2 hours of discussion on the issue.

Check out the video below that shows the voting process.

video