| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R3006 SMT-F | |
| 2 | 2 | By: Turner H.B. No. 1940 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the use by the comptroller of public accounts of certain | |
| 8 | 8 | forms in connection with administration and enforcement of certain | |
| 9 | 9 | insurance premium tax laws. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 201.051, Insurance Code, is amended by | |
| 12 | 12 | adding Subsection (e) to read as follows: | |
| 13 | 13 | (e) Notwithstanding another provision of this section, the | |
| 14 | 14 | comptroller shall allocate premium or revenue with respect to | |
| 15 | 15 | premium tax imposed on an insurer or health maintenance | |
| 16 | 16 | organization under this title based solely on the premium or | |
| 17 | 17 | revenue allocation by state as reported by the insurer or health | |
| 18 | 18 | maintenance organization on the applicable form prescribed by the | |
| 19 | 19 | National Association of Insurance Commissioners and adopted by the | |
| 20 | 20 | commissioner by rule. | |
| 21 | 21 | SECTION 2. The change in law made by this Act does not | |
| 22 | 22 | affect tax liability accruing before the effective date of this | |
| 23 | 23 | Act. That liability continues in effect as if this Act had not been | |
| 24 | 24 | enacted, and the former law is continued in effect for the | |
| 25 | 25 | collection of taxes due and for civil and criminal enforcement of | |
| 26 | 26 | the liability for those taxes. | |
| 27 | 27 | SECTION 3. This Act takes effect January 1, 2018. |