Issue Date: | |
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Revised Date: | 2015-07-23 |
Legal Cites
- Insurance Code sec. 251.004, sec. 260.002
Object Type
Cash — Insurance
Origin Date
1975 by the 64th Leg.
Description
An annual tax not to exceed 1% of the correctly reported gross revenues received by a corporation in return for issuance of nonprofit legal services contracts.
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 Prepaid Legal Services Fund 0183 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 |
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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 |