82R8885 AJA-D
By: Smithee H.B. No. 2319
A BILL TO BE ENTITLED
AN ACT
relating to premium tax credits for examination and evaluation fees
paid by insurers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 463.160, Insurance Code, is amended to
read as follows:
Sec. 463.160. PREMIUM TAX CREDIT FOR CLASS A ASSESSMENT.
The amount of a Class A assessment paid by a member insurer in each
taxable year shall be allowed as a credit on the amount of premium
taxes due [in the same manner as a credit is allowed under Section
401.151(e)].
SECTION 2. Sections 221.006, 222.007, 223.009, 401.151(e),
and 401.154, Insurance Code, are repealed.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2011.