LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 27, 2015 TO: Honorable Kelly Hancock, Chair, Senate Committee on Administration FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3031 by Thompson, Senfronia (Relating to the decertification of a certified capital company.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Chapter 228 of the Insurance Code, regarding premium tax credits for certain investments. The bill would allow the Comptroller to decertify a certified capital company on the written request of the company, provided that the company has made qualified investments in the amount of 100 percent of the company's certified capital.The bill would take effect immediately upon receiving two-thirds majority vote in each house.Otherwise, it would take effect September 1, 2015. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, AG, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 27, 2015
TO: Honorable Kelly Hancock, Chair, Senate Committee on Administration FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3031 by Thompson, Senfronia (Relating to the decertification of a certified capital company.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Administration
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3031 by Thompson, Senfronia (Relating to the decertification of a certified capital company.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Administration
Honorable Kelly Hancock, Chair, Senate Committee on Administration
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3031 by Thompson, Senfronia (Relating to the decertification of a certified capital company.), As Engrossed
HB3031 by Thompson, Senfronia (Relating to the decertification of a certified capital company.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 228 of the Insurance Code, regarding premium tax credits for certain investments. The bill would allow the Comptroller to decertify a certified capital company on the written request of the company, provided that the company has made qualified investments in the amount of 100 percent of the company's certified capital.The bill would take effect immediately upon receiving two-thirds majority vote in each house.Otherwise, it would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, AG, SD
UP, KK, AG, SD