Cal. RTC § 12260
This is the official text of Cal. RTC § 12260, 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
(a) Notwithstanding any other provision of this article, the commissioner may relieve an insurer of its obligation to make prepayments if the insurer establishes to the satisfaction of the commissioner that either the insurer has ceased to transact insurance in this state, or the insurer’s annual tax for the current year will be less than twenty thousand dollars ($20,000).
(b) This section shall become operative on July 1, 2013.
(b) This section shall become operative on July 1, 2013.
Status: in_force · Read it on the official government site
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