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Business Taxes Law Guide—Revision 2024

Tax on Insurers Law

Revenue and Taxation Code

Division 2. Other Taxes
Part 7. Insurance Taxation

Chapter 3. All Insurance Other Than Ocean Marine

Article 4. Basis of Tax for Medi-Cal Managed Care Plans*

Section 12240


12240. "Total operating revenue" as basis of tax. In the case of a Medi-Cal managed care plan, the basis of the tax is, in respect to each year, total operating revenue.

History—Added by Stats. 2013, Ch. 33 (SB 78), in effect June 27, 2013, but operative July 1, 2012.


* Article 4 was added by Stats. 2009, Ch. 157 (AB 1422), in effect September 22, 2009, and repealed effective January 1, 2013, by Stats. 2011, Ch. 11x1 (ABx1 21).