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Business Taxes Law Guide—Revision 2024

Tax on Insurers Law

Revenue and Taxation Code

Division 2. Other Taxes
Part 7. Insurance Taxation

Chapter 2. Ocean Marine Insurance

Article 1. Definitions

Section 12076


12076. "Expenses incurred." "Expenses incurred" includes specific and general expenses incurred in the current calendar year on ocean marine contracts written within the United States.