Cal. Rev. & Tax. Code § 12421
Deficiency Assessments
Redline — January 1, 2011 → January 1, 2013.View current text →
As of January 1, 2013
As of January 1, 2011
(a) As soon as practicable after an insurer’s or surplus line broker’s return is filed, the commissioner shall examine it, together with any information within his or her possession or that may come into his or her possession, and he or she shall determine the correct amount of tax of the insurer or surplus line broker.
(a) As soon as practicable after an insurer’s, surplus line broker’s, or Medi-Cal managed care plan’s return is filed, the commissioner shall examine it, together with any information within his or her possession or that may come into his or her possession, and he or she shall determine the correct amount of tax of the insurer, surplus line broker, or Medi-Cal managed care plan.
(b) This section shall become operative on July 1, 2012.
(b) This section shall be operative on July 1, 2012, and become inoperative on July 1, 2013. As of January 1, 2015, this section shall be repealed.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.