RCW 48.32.145
Credit against premium tax for assessments paid pursuant to RCW 48.32.060(1)(c).
Every member insurer that prior to April 1, 1993, or after July 27, 1997, shall have paid one or more assessments levied pursuant to RCW 48.32.060(1)(c) shall be entitled to take a credit against any premium tax falling due under RCW 48.14.020. The amount of the credit shall be one-fifth of the aggregate amount of such aggregate assessments paid during such calendar year for each of the five consecutive calendar years beginning with the calendar year following the calendar year in which such assessments are paid. Whenever the allowable credit is or becomes less than one thousand dollars, the entire amount of the credit may be offset against the premium tax at the next time the premium tax is paid.
[ 1997 c 300 § 1; 1993 sp.s. c 25 § 901; 1977 ex.s. c 183 § 1; 1975-'76 2nd ex.s. c 109 § 11.]
NOTES:
Severability—Effective dates—Part headings, captions not law—1993 sp.s. c 25: See notes following RCW 82.04.230.
Structure Revised Code of Washington
Chapter 48.32 - Washington Insurance Guaranty Association Act.
48.32.040 - Creation of the association—Required accounts.
48.32.050 - Board of directors.
48.32.060 - Powers and duties of the association.
48.32.070 - Plan of operation.
48.32.080 - Duties and powers of the commissioner.
48.32.090 - Effect of paid claims.
48.32.100 - Nonduplication of recovery.
48.32.110 - Prevention of insolvencies.
48.32.120 - Examination of the association.
48.32.145 - Credit against premium tax for assessments paid pursuant to RCW 48.32.060(1)(c).
48.32.160 - Stay of proceedings—Setting aside judgment.
48.32.170 - Termination, distribution of fund.
48.32.901 - Effective date—2005 c 100.