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Revenue Object 3203 – Insurance Maintenance Taxes – Workers' Compensation Commission -- Research and Oversight Council on Workers' Compensation |
Inactive
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.
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| Revenue Type: Cash — Insurance |
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Labor Code §§ 403.002, 404.003 added in 1957 by the 55th Leg. Maintenance taxes were paid by all insurance carriers except governmental entities as follows: A tax of up to 2% of correctly reported Workers' Compensation Insurance premiums were assessed to pay costs of administration, for use by the Texas Workers' Compensation Commission and a tax of up to 1/10 of 1% of correctly reported Workers' Compensation Insurance premiums was assessed to fund the Research & Oversight Council on Workers' Compensation. Amended by Acts 1989, 71st Leg., 2nd. C.S.; H.B. 1461 and H.B. 752, 73rd Leg., R.S. The taxes were assigned separate new revenue codes effective or fiscal year 1996. See now Revenue Codes 3219 and 3220. This code was inactivated as of September 1, 1995.
| Appropriation Year | 26 |
|---|---|
| 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 |