Texas Insurance Code - Section 223.006. Tax Due Dates
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§ 223.006. 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; or
(2) another date prescribed by the comptroller.
(b) A title insurance company 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 company paid under this chapter for the previous calendar year.
If the company 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 gross premiums
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: 222.007 222.008 223.001 223.002 223.003 223.004 223.005 223.006 223.007 223.008 223.009 223.010 223.011 224.001 224.002
Last modified: August 11, 2007
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