| Issue Date: | 1987-09-01 |
|---|---|
| Revised Date: | 2019-12-02 |
Legal Citations
- Insurance Code sec. 261.003
Object Type
Cash — Insurance
Origin Date
1987
Description
The Commissioner shall determine the rate of assessment to be paid on an annual or semi-annual basis and shall collect a maintenance tax in an amount not to exceed 1% of the correctly reported gross premiums paid through the exchange.
Due Date
Annually.
Collecting Agencies
Deposit Funds
- 0001 – General Revenue Fund
Allocated to GR Account 0036 - Texas Department of Insurance Operating.
Note
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 |