Texas Insurance Code - Section 251.003. Effect Of Late Advisement Of Rate
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 251.003. Effect Of Late Advisement Of Rate
§ 251.003. EFFECT OF LATE ADVISEMENT OF RATE. (a) Except
as provided by Subsection (b), if the commissioner does not advise
the comptroller of the applicable rate of assessment of a
maintenance tax by the date required by Section 251.002, the rate of
assessment is the rate applied in the previous tax period.
(b) If the commissioner advises the comptroller of the
applicable rate of assessment of a maintenance tax after the tax has
been assessed, the comptroller shall:
(1) advise each taxpayer in writing of the amount of
any additional taxes due; or
(2) refund any excess taxes paid.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 226.053 226.054 226.055 226.056 227.001 251.001 251.002 251.003 251.004 252.001 252.002 252.003 252.004 252.005 253.001
Last modified: August 11, 2007
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