| Issue Date: | 1987-09-01 |
|---|---|
| Revised Date: | 2015-07-23 |
Legal Cites
- Insurance Code sec. 251.004, sec. 257.002
Object Type
Cash — Insurance
Origin Date
1987 by H.B. 2022, 70th Leg., R.S.
Description
To collect a maintenance tax in an amount not to exceed 0.04% of the correctly reported gross premiums of life, health and accident insurance coverages and the gross considerations for annuity and endowment contracts collected by all authorized insurers writing life, health and accident insurance, annuity or endowment contracts in this state.
Due Date
As determined by the Comptroller.
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
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 |