California § 12202.1 - Notwithstanding the rate specified by Section 12202, the gross premiums tax rate
Full text of California Public Contract Code - PCC § 12202.1 — Notwithstanding the rate specified by Section 12202, the gross premiums tax rate, with citation guidance and answers to common questions.
§ 12202.1. Notwithstanding the rate specified by Section 12202, the gross premiums tax rate
Notwithstanding the rate specified by Section 12202, the gross premiums tax rate paid by insurers for any premiums collected between November 8, 1988 and January 1, 1991 shall be adjusted by the Board of Equalization in January of each year so that the gross premium tax revenues collected for each prior calendar year shall be sufficient to compensate for changes in such revenues, if any, including changes in anticipated revenues, arising from this act. In calculating the necessary adjustment, the Board of Equalization shall consider the growth in premiums in the most recent three year period, and the impact of general economic factors including, but not limited to, the inflation and interest rates.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12202.1
What does Public Contract Code - PCC § 12202.1 cover?
Section 12202.1 ("Notwithstanding the rate specified by Section 12202, the gross premiums tax rate") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 12202.1?
A common citation format is "Public Contract Code - PCC § 12202.1" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12202.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.