Cal. RTC § 12103
This is the official text of Cal. RTC § 12103, part of California’s Revenue and Taxation Code — governs state and local taxation, including income and property tax.
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Official statutory text
Except as otherwise provided in Section 12105, the tax shall be computed each year upon the average annual underwriting profit of the insurer from ocean marine insurance during the preceding three calendar years.
Status: in_force · Read it on the official government site
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