§431:16-213 Credits for assessments paid. (a) A member insurer may offset against its premium tax liability (or liabilities) to this State an assessment described in section 431:16-209(h) to the extent of twenty per cent of the amount of such assessment for each of the five calendar years following the year in which such assessment was paid. In the event a member insurer should cease doing business, all uncredited assessments may be credited against its premium tax liability (or liabilities) for the year it ceases doing business.
(b) Any sums which are acquired by refund, pursuant to section 431:16-209(f), from the association by member insurers, and which have theretofore been offset against premium taxes as provided in subsection (a) shall be paid by the association to the commissioner and by the commissioner deposited with the state director of finance for credit to the general fund of this State. [L 1987, c 347, pt of §2]
Section: Previous 431-16-206 431-16-207 431-16-208 431-16-209 431-16-210 431-16-211 431-16-212 431-16-213 431-16-214 431-16-215 431-16-216 431-16-217 431-16-218 431-16-219 431-17-101-to-106 NextLast modified: October 27, 2016