Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 12103 — Basis of Tax for Ocean Marine Insurance
Cal. Rev. & Tax. Code § 12103
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Except as otherwise provided in Section 12105, the tax shall be computed each year upon the average annual underwriting profit of the insurer from ocean marine insurance during the preceding three calendar years.
Citator
Cal. Rev. & Tax. Code § 12103 — Basis of Tax for Ocean Marine Insurance is in force in the current edition of the Code, and nothing recorded condemns it.
Except as otherwise provided in Section 12105, the tax shall be computed each year upon the average annual underwriting profit of the insurer from ocean marine insurance during the preceding three calendar years.