Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Tax on Insurers Law
Chapter 3. All Insurance Other Than Ocean Marine.
Article 1. General*
12203. State Compensation Insurance Fund subject to tax. The State Compensation Insurance Fund shall annually pay a tax computed on the same bases, at the same rates, and subject to the same deductions specified in this chapter, as those applicable to private insurers.
History.—Stats. 1961, p. 1982, operative January 1, 1962, amended and renumbered former Section 12264 as Section 12203 and changed "article" to "chapter." Stats. 1951, p. 2447 amending Sections 202, 12003 and former Section 12264 of the Revenue and Taxation Code, provides that if any one of its provisions is held invalid the remainder of the act shall also be deemed invalid.
* The title of Article 1. Tax Base, commencing with former Section 12251 was amended to its present form by Stats. 1961, p. 1981, operative January 1, 1962.