(a) The order or decision of the board upon a petition for redetermination of a deficiency assessment becomes final 30 days after service on the insurer or surplus line broker of a notice thereof, and any resulting deficiency assessment is due and payable at the time the order or decision becomes final.

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

Terms Used In California Revenue and Taxation Code 12431

  • 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(Repealed (in Sec. 72) and added by Stats. 2013, Ch. 33, Sec. 73. (SB 78) Effective June 27, 2013. Section operative July 1, 2013, by its own provisions.)

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