Texas Insurance Code - Section 226.054. Tax Payment By Certain Insureds
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§ 226.054. TAX PAYMENT BY CERTAIN INSUREDS. (a) Except
as provided by Section 226.055, the tax imposed by this subchapter
is due and payable not later than:
(1) May 15 after the end of the calendar year in which
the insurance was procured, continued, or renewed; or
(2) another date prescribed by the comptroller.
(b) An insured who fails to withhold from the premium the
amount of tax imposed by this subchapter is liable for the amount of
the tax and shall pay the tax due.
(c) The insured shall file a tax report and pay the tax.
(d) The insured may designate another person to file the
report and pay the tax.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 226.002 226.003 226.004 226.005 226.051 226.052 226.053 226.054 226.055 226.056 227.001 251.001 251.002 251.003 251.004
Last modified: August 11, 2007
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