Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2010
Tax on Insurers Law
Chapter 5. Payment and Collection.
Article 1. Generally
Section 12601
12601. Payment to Controller. (a) Amounts of taxes, interest and penalties not remitted to the commissioner with the original return of the insurer or Medi-Cal managed care plan shall be payable to the Controller.
(b) This section shall remain in effect only until January 1, 2011, and as of that date is repealed.
History.—Stats. 1961, p. 1987, operative January 1, 1962, amended and renumbered Section 12623 as Section 12601. The section was completely reworded and provisions imposing interest and penalty were eliminated. Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, designated first sentence as subdivision (a) and added "or Medi-Cal managed care plan" after "return of the insurer" in subdivision (a); and added subdivision (b).
Text of section operative January 1, 2011
12601. Payment to Controller. (a) Amounts of taxes, interest, and penalties not remitted to the commissioner with the original return of the insurer shall be payable to the Controller.
(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.