Thomas M. Jones
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Thomas (Tom) M. Jones advises clients on federal and state tax, insurance regulatory and legal matters concerning captive insurance and other alternatives to commercial insurance. He counsels multinational corporations, private businesses, taxable and exempt health care providers, trade associations, joint ventures, government instrumentalities, labor unions and enterprises of all types. Read Thomas Jones's full bio.
By Mary Kay McCalla Martire and Thomas M. Jones on Nov 21, 2018
Posted In Illinois, Insurance Tax, Local Tax
On November 14, the second day of its 2018 veto session, the Illinois Senate voted unanimously to override Governor Rauner’s amendatory veto of Senate Bill 1737 (Bill). As we have previously reported, the Bill is a proposed new law that would reform the Illinois Insurance Code’s regulatory framework for captive insurance companies and significantly drop...
By Mary Kay McCalla Martire, Lisa M. Kaderabek and Thomas M. Jones on Aug 16, 2018
Posted In Illinois, Insurance Tax
Illinois Governor Bruce Rauner has until August 28 to sign or veto Senate Bill 1737, a proposed new law that would reform the Illinois Insurance Code’s regulatory framework for captive insurance companies and significantly drop the state’s current premium tax rate on self-procured insurance. If enacted, this new law would provide a substantially improved environment...