LaMATS

The chief anchor of LaMATS' services to municipal and parish governments

Some 161 locals contract with LaMATS for the collection of their Insurance Premium Taxes (IPT) on policies written by insurance companies doing business in those jurisdictions.

Each year since its inauguration in 2000, this service has collected insurance premium taxes in an amount greater than the previous year, a consistent record of improvement that benefits Louisiana's villages, towns and cities and parishes. In 2000, this service returned $4 million to its participating municipalities; in 2008, a record $15.5 million was expected to be returned to its member municipalities.

Over the years, some $85 million has been returned to municipal entities. Participating municipalities pay a three-percent (3%) service fee, which ensures that the municipality receives the maximum level of taxes authorized by state statute.