§ 27-8-8-16 — Recoupment of assessments

A member insurer may take as a credit against
premium taxes, adjusted gross income taxes, or any combination of
them imposed by the state upon the member insurer's revenue or
income not more than twenty percent (20%) of the amount of each
assessment described in section 6 of this chapter for each calendar year
following the year in which the assessment was paid until the
assessment has been offset by either credits against the taxes or refunds
from the association. If the member insurer ceases doing business, all
uncredited assessments may be credited against the member insurer's
premium taxes, adjusted gross income taxes, or a combination of the
premium taxes and adjusted gross income taxes of the member insurer
for the year the member insurer ceases doing business.
As added by Acts 1978, P.L.129, SEC.3. Amended by Acts
1979, P.L.255, SEC.2; Acts 1980, P.L.173, SEC.1; P.L.163-1986,
SEC.2; P.L.192-2002(ss), SEC.168; P.L.193-2006, SEC.29.