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Business Taxes Law Guide – Revision 2021
 

Tax on Insurers Annotations


Retaliatory Tax—Redomestication

A retaliatory tax shall be assessed based on the insurer's domicile at the end of the tax year. When an insurer redomesticates, the year an application for redomestication is approved by both incoming and outgoing domestic Departments of Insurance determines the year in which the insurer's domicile changes. 5/2/88. (Am. 2003–3).