Texas Insurance Code Title 3, Chapter 260 - Nonprofit Legal Services Corporations

• Texas Section 260.001 - Maintenance Tax Imposed
  A maintenance tax is imposed on each nonprofit legal services corporation subject to Chapter 961 with gross revenues subject to taxation under Section 260.003. The...
• Texas Section 260.002 - Maximum Rate; Annual Adjustment
  (a) The rate of assessment set by the commissioner may not exceed one percent of the corporation's gross revenues subject to taxation under Section 260.003....
• Texas Section 260.003 - Revenues Subject To Taxation
  A corporation shall pay maintenance taxes under this chapter on the correctly reported gross revenues received from issuing prepaid legal services contracts in this state....
• Texas Section 260.004 - Maintenance Tax Due Dates; Rules
  (a) The corporation shall pay the maintenance tax annually or semiannually. (b) The comptroller may require semiannual payments only from a corporation whose maintenance tax...
• Texas Section 260.005 - Applicability Of Other Law
  Sections 201.001 and 201.002 apply to taxes collected under this chapter. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.

Last modified: September 28, 2016