All corporations organized under sections 38a-199 to 38a-209, inclusive, and 38a-214 to 38a-225, inclusive, shall pay to the Commissioner of Revenue Services on or before March first, annually, a charge at the rate of two per cent of the total net direct subscriber charges received by such corporation during the next preceding calendar year, which shall be in addition to any other payment required under § 38a-48. The charge required under this section and any other payment required under said § 38a-48 shall be in compensation for the costs and expenses of regulation by the Insurance Department and all other governmental services. The provisions of this chapter pertaining to the filing of returns, declarations, assessment and collection of taxes, and penalties imposed on domestic insurance companies shall apply with respect to the charge imposed under this section, provided corporations subject to the charge imposed under this section shall not be subject to any tax imposed under this chapter.

Terms Used In Connecticut General Statutes 12-212a

  • commissioner: means the Commissioner of Revenue Services. See Connecticut General Statutes 12-201
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Direct subscriber charges: means all charges made by a health care center, as defined in §. See Connecticut General Statutes 12-201
  • Received: means "received" or "accrued" construed according to the method of accounting customarily employed by the taxpayers. See Connecticut General Statutes 12-201
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