Utah Code — Title 59 (Revenue and Taxation)
Utah Code § 59-9-102
Offsets
# (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.
Source: view the official text
In this chapter (7 sections)
- 59-9-101 · Tax basis -- Rates -- Exemptions -- Rate reductions.…
- 59-9-102 · Offsets
- 59-9-102.5 · Offset for occupational health and safety related donations
- 59-9-103 · Taxation of insurers otherwise untaxed
- 59-9-104 · Installment payments -- Penalty
- 59-9-105 · Tax on certain insurers to pay for relative value study and…
- 59-9-108 · Utah low-income housing tax credit