Texas Insurance Code

§ 229.002 — COOPERATIVE AGREEMENTS WITH OTHER STATES

IN § 229.002Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 229. COOPERATIVE AGREEMENTS WITH OTHER STATES

Statute text

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(a)The comptroller may enter into a cooperative agreement, reciprocal agreement, or compact with another state for the collection of insurance premium taxes imposed by Chapters 225 and 226 on a multistate basis. An agreement or amendment of an agreement takes effect according to its terms, except that an agreement or amendment may not take effect until the proposed agreement or amendment is published in the Texas Register.

(b)An agreement may provide for:

(1)determining a base state and multistate allocation of insurance premiums;

(2)tax reporting requirements;

(3)audit and refund claim procedures;

(4)exchange of information;

…

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 11, eff. June 15, 2007. Renumbered from Insurance Code, Section 228.002 by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.001(60), eff. September 1, 2009.