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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 3. All Insurance Other Than Ocean Marine
Article 4. Basis of Tax for Medi-Cal Managed Care Plans*
Section 12240
12240. "Total operating revenue" as basis of tax. In the case of a Medi-Cal managed care plan, the basis of the tax is, in respect to each year, total operating revenue.
History—Added by Stats. 2013, Ch. 33 (SB 78), in effect June 27, 2013, but operative July 1, 2012.
* Article 4 was added by Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, and repealed effective January 1, 2013, by Stats. 2011, Ch. 11x1 (ABx1 21).