Texas Insurance Code

§ 228.053 — REPORT TO LEGISLATURE

IN § 228.053Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS · Art. B. ADMINISTRATION AND PROMOTION

Statute text

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(a)The comptroller shall prepare a biennial report concerning the results of the implementation of this chapter. The report must include:

(1)the number of certified capital companies holding certified capital;

(2)the amount of certified capital invested in each certified capital company;

(3)the amount of certified capital the certified capital company invested in qualified businesses as of January 1, 2006, and the cumulative total for each subsequent year;

(4)the total amount of tax credits granted under this chapter for each year that credits have been granted;

(5)the performance of each certified capital company with respect to renewal and reporting requirements imposed under this chapter;

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.