Texas Insurance Code - Section 281.006. Treatment Of Certain Tax Reductions And Credits
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§ 281.006. TREATMENT OF CERTAIN TAX REDUCTIONS AND
CREDITS. (a) If another state by law reduces a tax rate or grants a
tax credit to a domestic insurer that makes an investment in or
maintains offices in that state or that meets a similar
requirement, the law that reduces the rate or grants the credit
shall be applied in the same manner in this state for the purpose of
determining the total taxes or other charges under this subchapter.
(b) For purposes of this subchapter, a tax offset or credit
related to an assessment described by Section 281.005 is considered
a tax paid in this or another state, as appropriate.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 271.011 271.012 281.001 281.002 281.003 281.004 281.005 281.006 281.007 281.051 281.052 401.001 401.002 401.003 401.004
Last modified: August 11, 2007
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