| Issue Date: | 2013-06-14 |
|---|---|
| Revised Date: | 2015-07-23 |
Legal Cites
- Insurance Code sec. 251.004, sec. 964.068
Object Type
Cash — Insurance
Origin Date
S.B. 734, 83rd Leg., R.S., 2013
Description
A captive insurance company is subject to maintenance tax on reported gross premiums under Insurance Code, Subtitle C, Title 3. The Commissioner of Insurance determines the tax rate.
Due Date
March 1.
Collecting Agencies
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
Added by S.B. 734, 83rd 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 |