Revenue and Taxation Code section 12260

(a)

Notwithstanding any other provision of this article, the commissioner may relieve an insurer of its obligation to make prepayments if the insurer establishes to the satisfaction of the commissioner that either the insurer has ceased to transact insurance in this state, or the insurer’s annual tax for the current year will be less than twenty thousand dollars ($20,000).

(b)

This section shall become operative on July 1, 2013.

Source: Section 12260, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=12260. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 12260’s source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_12260

Original Source: Section 12260, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=12260. (last accessed May 12, 2025).