Washington § 48.14.022 Taxes—Exemptions and deductions.

Washington Statutes

§ 48.14.022 — Taxes—Exemptions and deductions.

Washington § 48.14.022

Title 48INSURANCE

Ch. 48.14FEES AND TAXES

This text of Washington § 48.14.022 (Taxes—Exemptions and deductions.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 48.14.022 (2026).

Text

(1)The taxes imposed in RCW 48.14.020 and 48.14.0201 do not apply to premiums and prepayments collected or received for policies of insurance issued under RCW 48.41.010 through 48.41.210 .

(2)In computing tax due under RCW 48.14.020 and 48.14.0201 , there may be deducted from taxable premiums and prepayments the amount of any assessment against the taxpayer under RCW 48.41.010 through 48.41.210 . Any portion of the deduction allowed in this section which cannot be deducted in a tax year without reducing taxable premiums below zero may be carried forward and deducted in successive years until the deduction is exhausted. Effective date — 1995 c 304: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its exi

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(1) The taxes imposed in RCW 48.14.020 and 48.14.0201 do not apply to premiums and prepayments collected or received for policies of insurance issued under RCW 48.41.010 through 48.41.210 .

(2) In computing tax due under RCW 48.14.020 and 48.14.0201 , there may be deducted from taxable premiums and prepayments the amount of any assessment against the taxpayer under RCW 48.41.010 through 48.41.210 . Any portion of the deduction allowed in this section which cannot be deducted in a tax year without reducing taxable premiums below zero may be carried forward and deducted in successive years until the deduction is exhausted.

Effective date — 1995 c 304: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately [May 9, 1995]." [ 1995 c 304 s 2 .]