(Download) "Metropolitan Life Insurance Co. V. State Board Of Equalization" by Supreme Court Of California # eBook PDF Kindle ePub Free

eBook details

Title: Metropolitan Life Insurance Co. V. State Board Of Equalization
Author : Supreme Court Of California
Release Date : January 28, 1982
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 85 KB

Description

The California Constitution imposes a franchise tax "on each insurer doing business in this state," measured by the amount of "gross premiums" which the insurer receives in a particular year. (Cal. Const., art. XIII, § 28 (formerly § 14 4/5); see also Rev. & Tax. Code, §§ 12201, 12221.) We must decide whether certain amounts, though never formally paid to Metropolitan Life Insurance Company (Metropolitan), nevertheless are to be included within the gross premiums measure of the tax imposed on its business done in California.