SECTIONS 12411-12414 - California Statutes

REVENUE AND TAXATION CODE

SECTION 12411-12414

12411. A duplicate copy of each tax return received by the
commissioner shall be promptly forwarded to the board.

12412. (a) Upon receipt of the duplicate copy of the return of an
insurer or Medi-Cal managed care plan the board shall initially
assess the tax in accordance with the data as reported by the insurer
or Medi-Cal managed care plan on the return.
(b) This section shall become inoperative on July 1, 2011, and, as
of January 1, 2012, is repealed, unless a later enacted statute,
that becomes operative on or before January 1, 2012, deletes or
extends the dates on which it becomes inoperative and is repealed.

12412. (a) Upon receipt of the duplicate copy of the return of an
insurer the board shall initially assess the tax in accordance with
the data as reported by the insurer on the return.
(b) This section shall become operative on July 1, 2011.

12413. (a) The board shall promptly transmit notice of its initial
assessment to the commissioner and the Controller, and if the initial
assessment differs from the amount computed by the insurer or
Medi-Cal managed care plan, notice shall also be given to the insurer
or Medi-Cal managed care plan.
(b) This section shall become inoperative on July 1, 2011, and, as
of January 1, 2012, is repealed, unless a later enacted statute,
that becomes operative on or before January 1, 2012, deletes or
extends the dates on which it becomes inoperative and is repealed.

12413. (a) The board shall promptly transmit notice of its initial
assessment to the commissioner and the Controller, and if the initial
assessment differs from the amount computed by the insurer, notice
shall also be given to the insurer.
(b) This section shall become operative on July 1, 2011.

12414. In making an initial assessment the board may offset an
overpayment for one calendar year against an underpayment for another
calendar year, against penalties, and against any interest on an
underpayment.