Texas Insurance Code

§ 227.001 — DISPOSITION OF TAX PROCEEDS

IN § 227.001Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 227. DISPOSITION OF PROCEEDS OF CERTAIN PREMIUM TAXES

Statute text

View on source

(a)The proceeds of the taxes imposed under Chapter 221, 222, 224, or 226 shall be deposited to the credit of the general revenue fund.

(b)An amount equal to one-fourth of the proceeds deposited under Subsection (a) shall be transferred to the credit of the foundation school fund.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.