By: Perry S.B. No. 1083
(In the Senate - Filed February 24, 2017; March 7, 2017,
read first time and referred to Committee on Finance;
March 29, 2017, reported adversely, with favorable Committee
Substitute by the following vote: Yeas 14, Nays 0; March 29, 2017,
sent to printer.)
Click here to see the committee vote
COMMITTEE SUBSTITUTE FOR S.B. No. 1083 By: Whitmire
A BILL TO BE ENTITLED
AN ACT
relating to the applicability of the sales and use tax to certain
insurance services.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 151.0039(b), Tax Code, is amended to
read as follows:
(b) "Insurance service" does not include:
(1) insurance coverage for which a premium is paid or
commissions paid to insurance agents for the sale of insurance or
annuities; [or]
(2) a service performed on behalf of an insured by a
person licensed under Chapter 4102, Insurance Code; or
(3) a service performed by a certified public
accountancy firm, as that term is defined by Section 901.002,
Occupations Code, or on behalf of the firm by an owner, employee, or
affiliate of the firm, if less than one percent of the firm's total
revenue in the prior calendar year is from services in this state
that would otherwise constitute insurance service under Subsection
(a).
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.
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