Texas Insurance Code

§ 223A.007 — CREDIT FOR FEES PAID

IN § 223A.007Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 223A. CAPTIVE INSURANCE PREMIUM TAX

Statute text

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(a)A captive insurance company is entitled to a credit on the amount of tax due under this chapter for all examination and evaluation fees paid to this state during the calendar year for which the tax is due. The limitations provided by Sections 803.007(1) and (2)(B) for a domestic insurance company apply to a captive insurance company.

(b)The credit provided by this section is in addition to any other credit authorized by statute.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 1, eff. June 14, 2013.