54:18A-5.1 - Life insurance companies;Ā determination of annual tax
54:18A-5.1.Ā Life insurance companies;Ā determination of annual tax
For determining the annual tax payable by a life insurance company pursuantĀ to the provisions of Title 54 of the Revised Statutes, the taxable premiumsĀ collected by the company under all policies or contracts of insurance onĀ residents of this State shall be deemed to include premiums collected by theĀ company under similar policies and contracts of insurance on residents of otherĀ States where such business was written or procured or such premiums wereĀ collected through an office in this State and where no tax has been paid or isĀ payable to any other State or States on such premiums.
L.1950, c. 186, p. 419, s. 1.Ā Amended by L.1965, c. 114, s. 5, eff. July 1, 1965.
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For determining the annual tax payable by a life insurance company pursuantĀ to the provisions of Title 54 of the Revised Statutes, the taxable premiumsĀ collected by the company under all policies or contracts of insurance onĀ residents of this State shall be deemed to include premiums collected by theĀ company under similar policies and contracts of insurance on residents of otherĀ States where such business was written or procured or such premiums wereĀ collected through an office in this State and where no tax has been paid or isĀ payable to any other State or States on such premiums.
L.1950, c. 186, p. 419, s. 1.Ā Amended by L.1965, c. 114, s. 5, eff. July 1, 1965.
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