Issue Date:
Revised Date: 2019-12-02

Legal Cites

Object Type

Cash — Insurance

Origin Date

1927 by the 40th Leg.

Description

An annual tax not to exceed 0.02% of the correctly reported gross premiums of all authorized insurers writing motor vehicle insurance in this state.

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.

Deposit Funds

Note

Collection amended by H.B. 1554, 68th Leg., R.S.

S.B. 928, 68th Leg., R.S. changed deposit from Motor Vehicle Insurance Division Fund 0010 to General Revenue.

Collection changed from Department of Insurance (454) to Comptroller by H.B. 1461, 73rd Leg., R.S.

Legal cite codified by H.B. 2922, 78th Leg. R.S.

USAS Values

Appropriation Year 20
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