| Issue Date: | 1987-09-01 |
|---|---|
| Revised Date: | 2015-07-23 |
Legal Cites
- Insurance Code sec. 251.004, sec. 259.003
Object Type
Cash — Insurance
Origin Date
1987 by H.B. 170, 70th Leg., R.S.
Description
An annual tax not to exceed 1% of correctly reported gross amount of administrative or service fees.
Due Date
As determined by the Comptroller. May be collected on an annual or semi-annual basis.
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 |