Texas Insurance Code - Section 222.004. Tax Due Dates
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§ 222.004. TAX DUE DATES. (a) The total tax imposed by
this chapter is due and payable not later than:
(1) March 1 after the end of the calendar year for
which the tax is due;
(2) the date the annual statement for the insurer or
health maintenance organization is required to be filed with the
commissioner after the end of the calendar year for which the tax is
due; or
(3) another date prescribed by the comptroller.
(b) An insurer or health maintenance organization that had a
net tax liability for the previous calendar year of more than $1,000
shall make semiannual prepayments of tax on March 1 and August 1.
The tax paid on each date must be equal to 50 percent of the total
amount of tax the insurer or health maintenance organization paid
under this chapter for the previous calendar year. If the insurer
or health maintenance organization did not pay a tax under this
chapter during the previous calendar year, the tax paid on each date
must be equal to the tax that would be owed on the aggregate of the
taxable gross premiums or taxable gross revenues for the two
previous calendar quarters.
(c) The comptroller may refund any overpayment of taxes that
results from the semiannual prepayment system prescribed by this
section.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 221.004 221.005 221.006 221.007 222.001 222.002 222.003 222.004 222.005 222.006 222.007 222.008 223.001 223.002 223.003
Last modified: August 11, 2007
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