59-9-102 - Offsets. - Utah Statutes

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Statutes > Utah > Title-59 > Chapter-09 > 59-9-102

59-9-102. Offsets.
(1) If any authorized insurer doing business in this state during the tax year pays aproperty tax in this state, the insurer may deduct from the tax provided under this chapter thatportion of the property tax paid for general state purposes.
(2) Any domestic insurance company paying a fee for examination under Section31A-2-205 may deduct from the tax provided under this chapter the amount of the examinationfee paid, subject to the limitations of Subsection 31A-2-203(2)(e).
(3) There is offset against the taxes imposed under Section 59-9-101 the amount of anyassessments paid by an insurance company under the guaranty associations established underTitle 31A, Chapter 28, Guaranty Associations, in the manner provided by Sections 31A-28-113and 31A-28-212.
(4) There is an offset provided in Section 59-9-102.5 against the premium assessmentimposed under Subsection 59-9-101(2) against an admitted insurer writing workers'compensation insurance in this state.
(5) The state has no liability to insurers for any amount by which offsets allowed underthis section exceed the insurer's premium tax liability.

Amended by Chapter 177, 2006 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-09 > 59-9-102

59-9-102. Offsets.
(1) If any authorized insurer doing business in this state during the tax year pays aproperty tax in this state, the insurer may deduct from the tax provided under this chapter thatportion of the property tax paid for general state purposes.
(2) Any domestic insurance company paying a fee for examination under Section31A-2-205 may deduct from the tax provided under this chapter the amount of the examinationfee paid, subject to the limitations of Subsection 31A-2-203(2)(e).
(3) There is offset against the taxes imposed under Section 59-9-101 the amount of anyassessments paid by an insurance company under the guaranty associations established underTitle 31A, Chapter 28, Guaranty Associations, in the manner provided by Sections 31A-28-113and 31A-28-212.
(4) There is an offset provided in Section 59-9-102.5 against the premium assessmentimposed under Subsection 59-9-101(2) against an admitted insurer writing workers'compensation insurance in this state.
(5) The state has no liability to insurers for any amount by which offsets allowed underthis section exceed the insurer's premium tax liability.

Amended by Chapter 177, 2006 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-09 > 59-9-102

59-9-102. Offsets.
(1) If any authorized insurer doing business in this state during the tax year pays aproperty tax in this state, the insurer may deduct from the tax provided under this chapter thatportion of the property tax paid for general state purposes.
(2) Any domestic insurance company paying a fee for examination under Section31A-2-205 may deduct from the tax provided under this chapter the amount of the examinationfee paid, subject to the limitations of Subsection 31A-2-203(2)(e).
(3) There is offset against the taxes imposed under Section 59-9-101 the amount of anyassessments paid by an insurance company under the guaranty associations established underTitle 31A, Chapter 28, Guaranty Associations, in the manner provided by Sections 31A-28-113and 31A-28-212.
(4) There is an offset provided in Section 59-9-102.5 against the premium assessmentimposed under Subsection 59-9-101(2) against an admitted insurer writing workers'compensation insurance in this state.
(5) The state has no liability to insurers for any amount by which offsets allowed underthis section exceed the insurer's premium tax liability.

Amended by Chapter 177, 2006 General Session