Chapter 87, Section 8714, Subsection (c) · 5 U.S.C. Chapter 87

Contents

(c)

(1)No tax, fee, or other monetary payment may be imposed or collected by any State, the District of Columbia, or the Commonwealth of Puerto Rico, or by any political subdivision or other governmental authority thereof, on, or with respect to, any premium paid under an insurance policy purchased under this chapter.

(2)Paragraph (1) of this subsection shall not be construed to exempt any company issuing a policy of insurance under this chapter from the imposition, payment, or collection of a tax, fee, or other monetary payment on the net income or profit accruing to or realized by that company from business conducted under this chapter, if that tax, fee, or payment is applicable to a broad range of business activity.

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Defined terms · 4

Show every defined term

annual pay
includes—
basic insurance amount
means, in the case of any employee under this chapter, an amount equal to the greater of— In the case of any former employee entitled to coverage under this chapter, the term means the basic insurance amount applicable for the employee at the time the insurance to which the employee is entitled as an employee under this chapter stops pursuant to section 8706(a) of this title.
employee
means— but does not include—
State
means a State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and a territory or possession of the United States.