40-2801. Taxation of insurance companies; rate.
40-2801
40-2801. Taxation of insurance companies;rate.Every life, fire and casualty, hail and county mutual fire insurancecompany organized under the laws of this state, shall annually pay to thestate for the privilege of doing business within this state, a taxaccording to or measured by its net income for the next preceding calendaryear. Such tax shall be an amount equal to five percent (5%) of such netincome. The provisions of this section shall not apply to net income earnedin calendar year 1998 or in any calendar year thereafter.
History: L. 1970, ch. 184, § 1;L. 1997, ch. 175, § 9; July 1.