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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 5. Prepayments*

Section 12256


12256. Payments credited on annual tax. All amounts paid under this article, other than penalties and interest, shall be allowed as a credit on the annual tax imposed by Section 28 of Article XIII of the California Constitution and this part.

History—Added by Stats. 1974, p. 621, operative November 6, 1974, substituted "Section 28" for "Section 144/5".


* Article 5 was added by Stats. 1969, p. 1473, in effect August 14, 1969, operative January 1, 1970.