Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2010
Tax on Insurers Law
Chapter 4. Assessment and Effect of Tax*
Article 2. Initial Assessments
Section 12413
12413. Notice of initial assessment. (a) The board shall promptly transmit notice of its initial assessment to the commissioner and the Controller, and if the initial assessment differs from the amount computed by the insurer or Medi-Cal managed care plan, notice shall also be given to the insurer or Medi-Cal managed care plan.
History.—Added by Stats. 1961, p. 1985, operative January 1, 1962. Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, designated the first sentence as subdivision (a) and added "or Medi-Cal managed care plan twice in subdivision (a); and added subdivision (b).
Text of section operative January 1, 2011
12413. Notice of initial assessment. (a) The board shall promptly transmit notice of its initial assessment to the commissioner and the Controller, and if the initial assessment differs from the amount computed by the insurer, notice shall also be given to the insurer.
(b) This section shall become operative on January 1, 2011.
History.—Added by Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, but operative January 1, 2011.
* Stats. 1961, p. 1984, operative January 1, 1962, amended the title of Chapter 4 by substituting "Effect of Tax" for "Levy".