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Foreign Fire Insurance Tax (7505)

Municipal Code Reference:	4-308
CAPS Code Reference:	1002920051501
Tax Return Form Code:	Form 7505
Procedure:	The Foreign Fire Insurance Tax applies to businesses not incorporated in the State of Illinois and provide fire insurance in Chicago.
Tax Base:	2% of taxable premiums
Exemptions, Deductions and Credits:	None
Rulings and Procedures:	None

Businesses registered for Foreign Fire Insurance Tax with the Chicago Department of Finance.