Texas Insurance Code - Not Codified - Article 4.67. Total Limit On Credits
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Art. 4.67. TOTAL LIMIT ON CREDITS. (a) The total amount of
certified capital for which premium tax credits may be allowed
under this subchapter for all years in which premium tax credits are
allowed is $200 million.
(b) The total amount of certified capital for which premium
tax credits may be allowed for all certified investors under this
subchapter may not exceed the amount that would entitle all
certified investors in certified capital companies to take total
credits of $50 million in a year.
(c) A certified capital company and its affiliates may not
file premium tax credit allocation claims in excess of the maximum
amount of certified capital for which premium tax credits may be
allowed as provided in this article.
Added by Acts 2001, 77th Leg., ch. 437, Sec. 1, eff. May 28, 2001.
Amended by Acts 2003, 78th Leg., ch. 1310, Sec. 73, eff. June 20,
2003.
Article: 4.60 4.61 4.62 4.63 4.64 4.65 4.66 4.67 4.68 4.69 4.70 4.71 4.72 4.73 5.01
Last modified: August 10, 2007
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