Texas Insurance Code

§ 233.0052 — LENGTH OF CREDIT; LIMITATIONS

IN § 233.0052Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 233. CREDIT AGAINST CERTAIN TAXES FOR CERTAIN HOUSING DEVELOPMENTS · Art. B. CREDIT

Statute text

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(a)The entity shall claim the credit in the manner provided by Section 171.556, Tax Code.

(b)The total credit claimed under this chapter for a report, including any carry forward or backward described by Subsection (c), may not exceed the amount of the entity's state premium tax liability due for the report after any other applicable credit.

(c)The entity may carry a surplus credit forward or backward as provided by Section 171.557, Tax Code.

Legislative history

Added by Acts 2023, 88th Leg., R.S., Ch. 811 (H.B. 1058), Sec. 2, eff. January 1, 2024.