State Codes and Statutes
Statutes > Texas > Insurance-code > Title-3-department-funds-fees-and-taxes > Chapter-261-texas-insurance-exchange
INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, AND TAXES
SUBTITLE C. INSURANCE MAINTENANCE TAXES
CHAPTER 261. TEXAS INSURANCE EXCHANGE
Sec. 261.001. DEFINITION. In this chapter, "exchange" means the
Texas Insurance Exchange.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Sec. 261.002. MAINTENANCE TAX IMPOSED. A maintenance tax is
imposed on the gross premiums paid through the exchange and
subject to taxation under Section 261.004.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Sec. 261.003. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of
assessment set by the commissioner may not exceed one percent of
the gross premiums subject to taxation under Section 261.004.
(b) The commissioner shall annually adjust the rate of
assessment of the maintenance tax so that the tax imposed that
year, together with any unexpended funds produced by the tax,
produces the amount the commissioner determines is necessary to
pay the expenses during the succeeding year of regulating all
classes of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2C.008, eff. April 1, 2009.
Sec. 261.004. PREMIUMS SUBJECT TO TAXATION. The exchange shall
pay maintenance taxes under this chapter on the correctly
reported gross premiums paid through the exchange on all classes
of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2C.009, eff. April 1, 2009.
Sec. 261.005. MAINTENANCE TAX DUE DATES. The exchange shall pay
the maintenance tax annually, semiannually, or on another
periodic basis, as determined by the comptroller.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
State Codes and Statutes
Statutes > Texas > Insurance-code > Title-3-department-funds-fees-and-taxes > Chapter-261-texas-insurance-exchange
INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, AND TAXES
SUBTITLE C. INSURANCE MAINTENANCE TAXES
CHAPTER 261. TEXAS INSURANCE EXCHANGE
Sec. 261.001. DEFINITION. In this chapter, "exchange" means the
Texas Insurance Exchange.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Sec. 261.002. MAINTENANCE TAX IMPOSED. A maintenance tax is
imposed on the gross premiums paid through the exchange and
subject to taxation under Section 261.004.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Sec. 261.003. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of
assessment set by the commissioner may not exceed one percent of
the gross premiums subject to taxation under Section 261.004.
(b) The commissioner shall annually adjust the rate of
assessment of the maintenance tax so that the tax imposed that
year, together with any unexpended funds produced by the tax,
produces the amount the commissioner determines is necessary to
pay the expenses during the succeeding year of regulating all
classes of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2C.008, eff. April 1, 2009.
Sec. 261.004. PREMIUMS SUBJECT TO TAXATION. The exchange shall
pay maintenance taxes under this chapter on the correctly
reported gross premiums paid through the exchange on all classes
of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2C.009, eff. April 1, 2009.
Sec. 261.005. MAINTENANCE TAX DUE DATES. The exchange shall pay
the maintenance tax annually, semiannually, or on another
periodic basis, as determined by the comptroller.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
State Codes and Statutes
Statutes >
Texas >
Insurance-code >
Title-3-department-funds-fees-and-taxes >
Chapter-261-texas-insurance-exchange INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, AND TAXES
SUBTITLE C. INSURANCE MAINTENANCE TAXES
CHAPTER 261. TEXAS INSURANCE EXCHANGE
Sec. 261.001. DEFINITION. In this chapter, "exchange" means the
Texas Insurance Exchange.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Sec. 261.002. MAINTENANCE TAX IMPOSED. A maintenance tax is
imposed on the gross premiums paid through the exchange and
subject to taxation under Section 261.004.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Sec. 261.003. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of
assessment set by the commissioner may not exceed one percent of
the gross premiums subject to taxation under Section 261.004.
(b) The commissioner shall annually adjust the rate of
assessment of the maintenance tax so that the tax imposed that
year, together with any unexpended funds produced by the tax,
produces the amount the commissioner determines is necessary to
pay the expenses during the succeeding year of regulating all
classes of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2C.008, eff. April 1, 2009.
Sec. 261.004. PREMIUMS SUBJECT TO TAXATION. The exchange shall
pay maintenance taxes under this chapter on the correctly
reported gross premiums paid through the exchange on all classes
of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2C.009, eff. April 1, 2009.
Sec. 261.005. MAINTENANCE TAX DUE DATES. The exchange shall pay
the maintenance tax annually, semiannually, or on another
periodic basis, as determined by the comptroller.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
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