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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 3.5. Retaliatory Taxes, Licenses and Fees*
Section 12281
12281. Annual return. Annually, on or before April 1, each insurer subject to the imposition of retaliatory exactions shall file, in duplicate, with the Insurance Commissioner, in accordance with regulations promulgated by him or her, a retaliatory tax return in the form prescribed by the Insurance Commissioner. Annually, on or before June 15th, each insurer subject to the imposition of ocean marine taxes shall amend its retaliatory tax return by filing, in duplicate, with the Insurance Commissioner, an amended ocean marine retaliatory tax return in the form prescribed by the Insurance Commissioner.
History—Added by Stats. 1961, p. 984, in effect March 31, 1961. Stats. 1967, p. 2601, in effect November 8, 1967, substituted "imposition of retaliatory exactions" for a specific reference to the Insurance Code in the first sentence and added most of the language following "making and filing" in the last sentence. Stats. 1990, Ch. 767, in effect September 13, 1990, substituted "April 1" for "May 1st", added "or her" after "him" and "in the … Commissioner" after "return", and deleted "information" after "retaliatory tax" in the first sentence; deleted the former second and third sentences which provided, "The regulations may define categories of insurers which the Insurance Commissioner reasonably believes will not owe any retaliatory taxes, licenses or fees. Insurers falling within such categories shall be exempt from making and filing an annual retaliatory tax information return and shall be relieved of the penalty with respect to an annual return imposed by Section 12282."; and added the second sentence.
* Chapter 3.5 was added to Part 7 by Stats. 1961, p. 984, in effect March 31, 1961.