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