Article 1. Tax Returns And Initial Payments of California Revenue And Taxation Code >> Division 2. >> Part 7. >> Chapter 4. >> Article 1.
(a) The taxes imposed upon insurers by Section 28 of Article
XIII of the California Constitution and this part, except with
respect to taxes on ocean marine insurance and retaliatory taxes, are
due and payable annually on or before April 1 of the year following
the calendar year in which the insurer engaged in the business of
insurance or transacted insurance in this state. The taxes imposed
with respect to ocean marine insurance are due and payable on or
before June 15 of that year.
(b) This section shall become operative on July 1, 2013.
(a) On or before April 1 (or June 15 with respect to taxes
on ocean marine insurance) every person that is subject to any tax
imposed by Section 28 of Article XIII of the California Constitution
or this part, in respect to the preceding calendar year shall file,
in duplicate, an insurance tax return with the commissioner in the
form as the commissioner may prescribe. The return shall show that
information pertaining to its insurance business in this state as
will reflect the basis of its tax as set forth in Chapter 2
(commencing with Section 12071) and Chapter 3 (commencing with
Section 12201) of this part, the computation of the amount of tax for
the period covered by the return, the total amount of any tax
prepayments made pursuant to Article 5 (commencing with Section
12251) of Chapter 3 of this part, and any other information as the
commissioner may require to carry out the purposes of this part.
Separate returns shall be filed with respect to the following kinds
of insurance:
(1) Life insurance (or life insurance and disability insurance).
(2) Ocean marine insurance.
(3) Title insurance.
(4) Insurance other than life insurance (or life insurance and
disability insurance), ocean marine insurance or title insurance.
(b) This section shall become operative on July 1, 2013.
(a) Every return required by this article to be filed with
the commissioner shall be signed by the insurer or an executive
officer of the insurer and shall be made under oath or contain a
written declaration that it is made under penalty of perjury. A
return of a foreign insurer may be signed and verified by its manager
residing within this state. A return of an alien insurer may be
signed and verified by the United States manager of the insurer.
(b) This section shall become operative on July 1, 2013.
(a) Blank forms of returns shall be furnished by the
commissioner on application, but failure to secure the form shall not
relieve any insurer from making or filing a timely return.
(b) This section shall become operative on July 1, 2013.
(a) The insurer required to file a return shall deliver the
return in duplicate, together with a remittance payable to the
Controller, for the amount of tax computed and shown thereon, less
any prepayments made pursuant to Article 5 (commencing with Section
12251) of Chapter 3 of this part, to the office of the commissioner.
(b) This section shall become operative on July 1, 2013.
The commissioner, for good cause shown, may extend for not
to exceed 30 days the time for filing a tax return or paying any
amount required to be paid with the return. The extension may be
granted at any time, provided that a request therefor is filed with
the commissioner within or prior to the period for which the
extension may be granted.
(a) Any insurer that is granted an extension shall pay, in
addition to the tax, interest at the modified adjusted rate per
month, or fraction thereof, established pursuant to Section 6591.5,
from April 1 until the date of payment.
(b) This section shall become operative on July 1, 2013.