Bill Text: TX SB2204 | 2017-2018 | 85th Legislature | Comm Sub
Bill Title: Relating to the administration of the certified capital company program by the office of the comptroller of public accounts.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2017-05-20 - Committee report sent to Calendars [SB2204 Detail]
Download: Texas-2017-SB2204-Comm_Sub.html
By: Hancock | S.B. No. 2204 | |
(Thompson of Harris) | ||
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relating to the administration of the certified capital company | ||
program by the office of the comptroller of public accounts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Effective December 31, 2018, Chapter 228, | ||
Insurance Code, is repealed. | ||
SECTION 2. The repeal by this Act of Chapter 228, Insurance | ||
Code, does not affect premium tax credits for certified capital | ||
invested under that chapter before the effective date of the repeal | ||
and the recapture of those credits. Premium tax credits for | ||
certified capital invested before the effective date of the repeal | ||
and the recapture of those credits are governed by the law as it | ||
existed immediately before that date, and that law is continued in | ||
effect for that purpose. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. |