PRUDENTIAL INS. CO. v. STATE BD. OF EQUALIZATION

Docket No. C014000.

21 Cal.App.4th 458 (1993)

26 Cal. Rptr.2d 287

PRUDENTIAL INSURANCE COMPANY OF AMERICA et al., Plaintiffs and Respondents, v. STATE BOARD OF EQUALIZATION, Defendant and Appellant.

Court of Appeals of California, Third District.

December 27, 1993.


Attorney(s) appearing for the Case

COUNSEL

Daniel E. Lungren, Attorney General, Lawrence K. Keethe and Robert D. Milam, Deputy Attorneys General, for Defendant and Appellant.

Pillsbury, Madison & Sutro, Walter R. Allan, Stephen J. Martin and Thomas V. Loran III for Plaintiffs and Respondents.


OPINION

SIMS, J.

This case involves liability for a tax mandated by article XIII, section 28 of the California Constitution. That provision imposes a tax on insurers, other than title insurers, doing business in this state. As pertinent, the constitutional provision provides: "[T]he `basis of the annual tax' is, in respect to each year, the amount of gross premiums, less return premiums, received in such year by such insurer upon...

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