Texas Insurance Code

§ 228.252 — LIMIT ON PREMIUM TAX CREDIT

IN § 228.252Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS · Art. F. PREMIUM TAX CREDIT

Statute text

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(a)The credit to be applied against state premium tax liability of a certified investor in any one year may not exceed the state premium tax liability of the investor for the taxable year.

(b)A certified investor may carry forward any unused credit against state premium tax liability indefinitely until the premium tax credits are used.

Legislative history

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