Sec. 12-210a. Deduction by nonresident companies of benefit payments from group health insurance premiums.
Sec. 12-210a. Deduction by nonresident companies of benefit payments from
group health insurance premiums. In determining the tax payable under section 12-210 with respect to the calendar year 1976, and each subsequent year, every life insurance
company incorporated by or organized under the law of any other state may deduct from
the gross amount of premiums received on group policies or contracts providing health
insurance benefits the entire amount of benefit payments made under such policies or
contracts to residents of this state in such year, provided the state of incorporation of
such life insurance company provides a similar deduction to all life insurance companies
doing such business whether or not incorporated in said state.
(P.A. 76-346, S. 2, 3.)
History: P.A. 76-346 effective July 1, 1976, and applicable to calendar years commencing on or after January 1, 1976.