California Insurance Code 685.1 – This article shall not apply as to personal income taxes, nor as to …
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This article shall not apply as to personal income taxes, nor as to ad valorem taxes on real or personal property nor as to special purpose obligations or assessments heretofore imposed by another state or foreign country in connection with particular kinds of insurance, other than property insurance; except that deductions, from premium taxes or other taxes otherwise payable, allowed on account of real estate or personal property taxes paid shall be taken into consideration in determining the propriety and extent of retaliatory action under this article.
(Added by Stats. 1959, Ch. 2120.)
Terms Used In California Insurance Code 685.1
- Foreign: means not organized under the laws of this State, whether or not admitted. See California Insurance Code 27
- Personal property: All property that is not real property.
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28