| Issue Date: | |
|---|---|
| Revised Date: | 2015-07-23 |
Legal Cites
- Insurance Code sec. 888.051, sec. 888.052
Object Type
Cash — Insurance
Origin Date
1947 by the 50th Leg
Description
Annual assessment on Burial Associations based on 1/2 of $.01 per member but no less than $5 per year.
Due Date
The assessment is due between January 1 and March 1 of each year.
Collecting Agencies
- 902 – Comptroller - State Fiscal (formerly Texas Department of Insurance, Agency 454)
Deposit Funds
- 0001 – General Revenue Fund
The first $3.05 million in total maintenance taxes per fiscal year is allocated to the Floodplain Management Fund 0330 and the remainder to GR Account 0036 - Texas Department of Insurance Operating.
Note
S.B. 928, 68th Leg., R.S. changed deposit from Burial Association Rate Fund 0180 to General Revenue.
Amended by H.B. 1461, 73rd Leg., R.S.
Legal cite codified by H.B. 2922, 78th Leg. R.S.
H.B. 6, 84th Leg., R.S. re-created allocation to the Floodplain Management Fund 0330.
USAS Values
| Appropriation Year | 16 |
|---|---|
| USAS Title | INSURANCE MAINTENANCE TAXES |
| Receipt Category | 04 – Insurance |
| Receipt Type | 01 – Taxes |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 14 – INSURANCE TAXES |