This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.
| Issue Date: | |
|---|---|
| Revised Date: | 2019-09-01 |
Legal Citations
- Insurance Code 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
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 Prepaid Legal Services Fund 0183 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.
Repealed by S.B. 1623, 86th Leg., R.S.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 |