§ 48.14.022. Taxes -- Exemptions and deductions
(1) The taxes imposed in RCW 48.14.020 and 48.14.0201 do not apply to premiums and prepayments collected or received for policies of insurance issued under RCW 48.41.010 through 48.41.210.
(2) In computing tax due under RCW 48.14.020 and 48.14.0201, there may be deducted from taxable premiums and prepayments the amount of any assessment against the taxpayer under RCW 48.41.010 through 48.41.210. Any portion of the deduction allowed in this section which cannot be deducted in a tax year without reducing taxable premiums below zero may be carried forward and deducted in successive years until the deduction is exhausted.
[1995 c 304 § 1; 1987 c 431 § 23.]
Notes:
Effective date -- 1995 c 304: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately [May 9, 1995]." [1995 c 304 § 2.]
Severability -- 1987 c 431: See RCW 48.41.910.
Sections: Previous 48.14.010 48.14.020 48.14.0201 48.14.021 48.14.022 48.14.025 48.14.027 48.14.030 48.14.040 48.14.060 48.14.070 48.14.080 48.14.090 48.14.095 48.14.100 Next
Last modified: April 7, 2009