| Issue Date: | |
|---|---|
| Revised Date: | 2015-07-23 |
Legal Cites
- Insurance Code sec. 251.004, sec. 253.002
Object Type
Cash — Insurance
Origin Date
1945 by the 49th Leg.
Description
An annual tax not to exceed 0.04% of the correctly reported gross premiums from issuance of general casualty insurance.
Due Date
As determined by the Comptroller. May be collected on an annual or semi-annual basis if liability for previous tax year was $2,000 or more.
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
Collection amended by H.B. 1554, 68th Leg., R.S.
S.B. 928, 68th Leg., R.S. changed deposit from Casualty Insurance Fund 0161 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 |