Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 12260 — Prepayments
Cal. Rev. & Tax. Code § 12260
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2015-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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…
Citator
Cal. Rev. & Tax. Code § 12260 — Prepayments is in force in the current edition of the Code, and nothing recorded condemns it.
(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.