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2017 Iowa Code
Title X - FINANCIAL RESOURCES
Chapter 432A - MARINE INSURANCE TAX
Section 432A.9 - Underwriting profits tax in lieu of other taxes.

Universal Citation: IA Code § 432A.9 (2017)
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1 MARINE INSURANCE TAX, §432A.9 432A.9 Underwriting profits tax in lieu of other taxes. The tax imposed by this chapter shall be paid upon the marine underwriting profits, if any, upon all marine insurance business written in this state each calendar year. The tax on gross premiums under section 432.1 shall not be levied on marine insurance premiums reportable in a tax return prescribed by the commissioner of insurance to record taxable underwriting profit, if any, defined herein. The tax return required shall be in lieu of all other tax requirements imposed by section 432.1. [C75, 77, 79, 81, §432A.9] Wed Feb 08 03:46:28 2017 Iowa Code 2017, Section 432A.9 (7, 0)
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