Texas Insurance Code

§ 226.005 — TAX PAYMENT; DUE DATE

IN § 226.005Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 226. UNAUTHORIZED AND INDEPENDENTLY PROCURED INSURANCE PREMIUM TAX · Art. A. UNAUTHORIZED INSURANCE PREMIUM TAX

Statute text

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(a)The tax imposed by this subchapter is due and payable not later than:

(1)March 1 after the end of the calendar year in which the insurance was effectuated, continued, or renewed; or

(2)another date prescribed by the comptroller.

(b)An insurer shall pay the tax imposed by this subchapter using a form prescribed by the comptroller.

(c)The tax imposed by this subchapter, if not paid when due, is a liability of the insurer, the insurer agent, and the insured. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005. Amended by:

Legislative history

Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.005(d), eff. September 1, 2005.