Section 12251.  


Latest version.
  • (a) For the calendar year 1970, and each calendar year thereafter, insurers transacting insurance in this state and whose annual tax for the preceding calendar year was five thousand dollars ($5,000) or more shall make prepayments of the annual tax for the current calendar year imposed by Section 28 of Article XIII of the California Constitution and this part, provided that no prepayments shall be made with respect to the tax on ocean marine insurance underwriting profit or any retaliatory tax.

    (b) This section shall become operative on July 1, 2013.

(Repealed (in Sec. 12) and added by Stats. 2013, Ch. 33, Sec. 13. Effective June 27, 2013. Section operative July 1, 2013.)