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State Law
Federal Law
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Texas Insurance Code - Not Codified - Chapter 4 Taxes And FeesLegal Research Home > Texas Lawyer > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Chapter 4 Taxes And Fees All insurance companies incorporated under the laws of this state shall hereafter be required to render for county and municipal taxation all of their real ... Tax payment requirement Sec. 1. Each insurance carrier receiving any form of administrative or service fee, consideration, payment, premium, fund, reimbursement, or compensation for ... In this subchapter: (1) "Affiliate" of another person means: (A) a person who is an affiliate for purposes of Section 2, Article 21.49-1 of this ... The comptroller shall administer this subchapter and shall adopt rules and forms as necessary to implement this subchapter. The rules must provide that: (1) the ... (a) The comptroller by rule shall establish the application procedures for certified capital companies. (b) An applicant must file an application in the form prescribed ... (a) An insurance company, group of insurance companies, or other persons who may have state premium tax liability or the affiliates of the insurance companies ... Any offering material involving the sale of securities of the certified capital company must include the following statement: By authorizing the formation of a certified ... (a) To continue to be certified, a certified capital company shall make qualified investments according to the following schedule: (1) before the third anniversary of ... (a) A certified capital company may, before making an investment in a business, request from the comptroller a written opinion as to whether the business ... (a) Each certified capital company shall report to the comptroller as soon as practicable after the receipt of certified capital: (1) the name of each ... (a) Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of $5,000 to the comptroller. If ... (a) A certified capital company may make a qualified distribution at any time. To make a distribution or payment, other than a qualified distribution, a ... (a) The comptroller shall conduct an annual review of each certified capital company to: (1) ensure that the company continues to satisfy the requirements of ... (a) The comptroller may impose an administrative penalty on a certified capital company that violates this subchapter. (b) The amount of the penalty may not ... (a) Decertification of a certified capital company may cause the recapture of premium tax credits previously claimed and the forfeiture of future premium tax credits ... A certified capital company may agree to indemnify, or purchase insurance for the benefit of, a certified investor for losses resulting from the recapture or ... (a) A certified investor who makes an investment of certified capital shall in the year of investment earn a vested credit against state premium tax ... (a) A premium tax credit allocation claim must be prepared and executed by a certified investor on a form provided by the comptroller. The certified ... (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 ... (a) If the total premium tax credits claimed by all certified investors exceeds the total limits on premium tax credits established by Article 4.67(a) of ... In any case under this code or another insurance law of this state in which the assets of a certified investor are examined or considered, ... A certified investor is not required to reduce the amount of premium tax included by the investor in connection with ratemaking for any insurance contract ... (a) The comptroller shall adopt rules to facilitate the transfer or assignment of premium tax credits by certified investors. A certified investor may transfer or ... The Texas Department of Economic Development shall promote the program established under this subchapter in the Texas Business and Community Economic Development Clearinghouse. Added by ... (a) The comptroller shall prepare a biennial report with respect to results of the implementation of this subchapter. The report must include: (1) the number ... Last modified: August 10, 2007 |