Laws, Regulations and Annotations


Business Taxes Law Guide—Revision 2024

Tax on Insurers Annotations

Delinquent Tax Liability Payment Application

Payments received after the taxpayer has filed a timely petition for redetermination are not prepayments but are payments on a delinquent tax liability. Tax is due and payable on April 1 of the year following the year in which the gross premiums are received. Whenever an insurer's tax liability is not paid by the date upon which interest begins to accrue, that tax is delinquent. Any payments received on a delinquent tax liability are applied according to Revenue and Taxation Code section 12636.5. 11/14/91. (Am. 2003–3).