Bill Text: TX HB1940 | 2017-2018 | 85th Legislature | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-04-04 - No action taken in committee [HB1940 Detail]
Download: Texas-2017-HB1940-Introduced.html
85R3006 SMT-F | ||
By: Turner | H.B. No. 1940 |
|
||
|
||
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. |