54:16-2 - Imposition of tax - New Jersey Statutes

54:16-2.  Imposition of tax
    With the exception of license fees, real estate and personal property taxes  and taxes under the reciprocal provisions of section 17:32-12 of the title  Corporations and Institutions for Finance and Insurance, every insurer organized, admitted or licensed to transact the business of marine insurance in  this state shall, with respect to all marine insurances written within this  state, be taxed only on that proportion of the total underwriting profit of  such insurer from such marine insurances written within the United States, which the gross premiums of the insurer from such insurance written within this  state bear to the gross premiums of such insurers from such insurance written  within the United States.