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2025 Utah Code
Title 59 - Revenue and Taxation
Chapter 9 - Taxation of Admitted Insurers
Section 102 - Offsets.
Universal Citation:
UT Code § 59-9-102 (2025)
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59-9-102. Offsets.
Amended by Chapter 177, 2006 General Session
- (1) If any authorized insurer doing business in this state during the tax year pays a property tax in this state, the insurer may deduct from the tax provided under this chapter that portion of the property tax paid for general state purposes.
- (2) Any domestic insurance company paying a fee for examination under Section 31A-2-205 may deduct from the tax provided under this chapter the amount of the examination fee 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 any assessments paid by an insurance company under the guaranty associations established under Title 31A, Chapter 28, Guaranty Associations, in the manner provided by Sections 31A-28-113 and 31A-28-212.
- (4) There is an offset provided in Section 59-9-102.5 against the premium assessment imposed 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 under this section exceed the insurer's premium tax liability.
Amended by Chapter 177, 2006 General Session
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