(a) Upon receipt of the duplicate copy of the return of an insurer the board shall initially assess the tax in accordance with the data as reported by the insurer on the return.

(b) This section shall become operative on July 1, 2013.

Terms Used In California Revenue and Taxation Code 12412

  • board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
  • Insurer: as used in this part includes each of the following:

    California Revenue and Taxation Code 12003

(Repealed (in Sec. 48) and added by Stats. 2013, Ch. 33, Sec. 49. (SB 78) Effective June 27, 2013. Section operative July 1, 2013, by its own provisions.)

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