Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2010
 

Tax on Insurers Law

Chapter 9. Disposition of Proceeds*

Section 13151

13151. Insurance Tax Fund. All taxes, interest, and penalties collected under this part shall be transmitted to the State Treasurer to be deposited in the State Treasury to the credit of the Insurance Tax Fund, which is hereby created. Upon transmitting moneys to the State Treasurer, the commissioner shall furnish the Controller with a record of the amounts transmitted and the insurers from whom the moneys have been received.

History.—Added by Stats. 1961, p. 1993, operative January 1, 1962. Stats. 1966, p. 643 (First Extra Session), in effect October 6, 1966, deleted "shall be revenue of the fiscal year in which received and" from the first sentence.

* Chapter 9 was added to Part 7 by Stats. 1961, p. 1993, operative January 1, 1962.