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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 State 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.
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