Wyoming Statutes
§ 26-42-111 — Credits for assessments paid; tax offsets
(a)A member insurer may offset against its premium tax
liability to this state an assessment described in W.S.
26-42-107(k) to the extent of ten percent (10%) of the amount of
the assessment for each of the ten (10) calendar years following
the year in which the assessment was paid. If a member insurer
ceases doing business, all uncredited assessments may be
credited against its premium tax liability for the year it
ceases doing business.
(b)Any sums which are acquired by refund pursuant to W.S.
26-42-107(h) from the association by member insurers and which
have been offset against premium taxes as provided in subsection
(a)of this section, shall be paid by the member insurers to
this state as required by the commissioner. The association
shall notify the commissioner that the refunds h
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Nearby Sections
15
§ 26-42-101
Short title§ 26-42-102
Definitions§ 26-42-103
Coverage and limitations§ 26-42-104
Creation of the association§ 26-42-105
Board of directors§ 26-42-106
Powers and duties of the association§ 26-42-107
Assessments§ 26-42-108
Plan of operation§ 26-42-109
Duties and powers of the commissioner§ 26-42-110
Prevention of insolvencies§ 26-42-111
Credits for assessments paid; tax offsets§ 26-42-114
Tax exemptions