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(b) This section shall remain in effect only until January 1, 2011, and as of that date is repealed.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.