0860 State Board of Equalization
Program Descriptions

70 - INSURANCE TAX PROGRAM

This program assesses taxes on insurance premiums and marine profits of underwriters, and levies retaliatory assessments against ''foreign'' insurers. The BOE, the Controller, and the Insurance Commissioner administer the program jointly. The BOE is responsible for assessing the tax and adjudicating petitions for redetermination, claims for refund, and requests for relief from penalties.