Revenue Estimates
Insurance Tax

The Insurance tax forecast has been increased by $96 million in the current year and decreased by $247 million in the budget year. The current year increase and budget year decrease are in part due to a delay in refunds from a Board of Equalization ruling (BOE). BOE ruled that the gross premiums tax be calculated on a cash basis, rather than the accrual method used by the Department of Insurance.
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CHAPTER HIGHLIGHTS for Revenue Estimates Back to Top

 Personal Income Tax
 Sales and Use Tax
 Corporation Tax
image of black pointing arrowInsurance Tax
 Other Revenues and Transfers
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Revenue Estimates (pdf * - 155K) -
Provides the entire Revenue Estimates Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Proposed Budget Summary - Revenue Estimates (January 2008)
Displays Proposed Budget Summary information for Revenue Estimates.