| Issue Date: | |
|---|---|
| Revised Date: | 2019-12-02 |
Legal Citations
- Insurance Code sec. 254.002
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.
Collecting Agencies
Deposit Funds
- 0001 – General Revenue Fund
Allocated 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 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 | 25 |
|---|---|
| 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 |