PA| The Pennsylvania Surplus Lines Association issued December 8 Bulletin to remind all Pennsylvania-licensed surplus lines agencies (resident and nonresident) to file the Surplus Lines Agents Gross Premiums Tax Report (RCT-123) and remit the 3% surplus lines premium tax on taxable gross premiums (less return premium) for the prior calendar year as of December 31, 2025.
Key Points:
- Surplus lines licensees must calculate and remit a 3% surplus lines tax on taxable gross premiums less return premiums, ensure electronic payment when the tax due is $1,000 or more, and follow Pennsylvania Department of Revenue myPATH instructions for completing and filing the RCT-123.
- A full copy of the RCT-123 must be submitted in PSLA’s Electronic Filing System, and if a paper RCT-123 is used, both Social Security numbers must be blacked or whited out before upload, with operational questions on EFS filings directed to PSLA Data Services.