LaMATS Collection Programs Insurance Premium Tax (IPT) Collection Program The Louisiana Municipal Advisory and Technical Services Bureau, Inc., (LaMATS), is a whollyowned subsidiary of LMA that was created in 1999 to help municipalities understand and grasp new and emerging advances in information technology and revenue recovery. For the past 12 years, LaMATS has offered a successful, Insurance Premium Tax (IPT) Collection Program for which there are 180 participating Cities and Parishes. The program has processed over $130,000,000 in local tax revenue. As a means to strengthen its existing service offering and add new services, LaMATS was proud to partner with government services leader, Revenue Discovery Systems, (RDS). Program Features        Standardization of the collection process LaMATS serves as liaison between LA DOI and jurisdiction Program handles all tax and penalty invoicing for each insurance company LaMATS serves as single contact point for insurance industry Comprehensive payment reports available Electronic distribution options Online file/pay application available to the insurance community Program Benefits       Eliminate administrative burden from existing staff No more postage, invoicing, reports, calls and limited payment resolution Reduces delinquent or uncollected taxes Ensures jurisdiction receives maximum level of taxes authorized by state statute LaMATS can transfer funds electronically to participating City/Towns or Parish LaMATS eases the insurance company’s remittance burden by providing an online filing/payment option How to Get Started   Adopt model ordinance Execute agreement Cost   3% of all taxes processed covers all expenses Cost includes any audits of insurance companies that may be conducted by LaMATS