Texas Statutes
Subtitle B - Insurance Premium Taxes
Chapter 228 - Premium Tax Credit for Certain Investments

Subchapter A. General Provisions

Section 228.001. General Definitions - Sec. 228.001. GENERAL DEFINITIONS. In this chapter: (1) "Allocation date"...

Section 228.002. Definition of Affiliate - Sec. 228.002. DEFINITION OF AFFILIATE. In this chapter, "affiliate" of...

Subchapter B. Administration and Promotion

Section 228.051. Administration by Comptroller - Sec. 228.051. ADMINISTRATION BY COMPTROLLER. The comptroller shall administer this...

Section 228.052. Rules; Forms - Sec. 228.052. RULES; FORMS. The comptroller shall adopt rules and...

Section 228.053. Report to Legislature - Sec. 228.053. REPORT TO LEGISLATURE. (a) The comptroller shall prepare...

Section 228.054. Promotion of Program - Sec. 228.054. PROMOTION OF PROGRAM. The Texas Economic Development and...

Subchapter C. Application for and General Operation of Certified Capital Companies

Section 228.101. Application for Certification - Sec. 228.101. APPLICATION FOR CERTIFICATION. (a) An applicant for certification...

Section 228.102. Qualification - Sec. 228.102. QUALIFICATION. To qualify as a certified capital company:...

Section 228.103. Management by and Certain Ownership Interests of Insurance Entities Prohibited - Sec. 228.103. MANAGEMENT BY AND CERTAIN OWNERSHIP INTERESTS OF INSURANCE...

Section 228.104. Action on Application - Sec. 228.104. ACTION ON APPLICATION. (a) The comptroller shall: (1)...

Section 228.105. Continuation of Certification - Sec. 228.105. CONTINUATION OF CERTIFICATION. To continue to be certified,...

Section 228.106. Reports to Comptroller; Audited Financial Statement - Sec. 228.106. REPORTS TO COMPTROLLER; AUDITED FINANCIAL STATEMENT. (a) Each...

Section 228.107. Renewal Fee; Late Fee; Exception - Sec. 228.107. RENEWAL FEE; LATE FEE; EXCEPTION. (a) Not later...

Section 228.108. Offering Material Used by Certified Capital Company - Sec. 228.108. OFFERING MATERIAL USED BY CERTIFIED CAPITAL COMPANY. Any...

Subchapter D. Investment by Certified Capital Companies

Section 228.151. Required Schedule of Investment - Sec. 228.151. REQUIRED SCHEDULE OF INVESTMENT. (a) Before the third...

Section 228.152. Investment in Early Stage Business Required - Sec. 228.152. INVESTMENT IN EARLY STAGE BUSINESS REQUIRED. (a) In...

Section 228.153. Investment in Strategic Investment Business Required - Sec. 228.153. INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED. (a) In...

Section 228.154. Certified Capital Not Invested in Qualified Investments - Sec. 228.154. CERTIFIED CAPITAL NOT INVESTED IN QUALIFIED INVESTMENTS. A...

Section 228.155. Computation of Amount of Investments - Sec. 228.155. COMPUTATION OF AMOUNT OF INVESTMENTS. (a) The aggregate...

Section 228.156. Limit on Qualified Investment - Sec. 228.156. LIMIT ON QUALIFIED INVESTMENT. A certified capital company...

Section 228.157. Distributions by Certified Capital Company - Sec. 228.157. DISTRIBUTIONS BY CERTIFIED CAPITAL COMPANY. (a) In this...

Section 228.158. Repayment of Debt - Sec. 228.158. REPAYMENT OF DEBT. Notwithstanding Section 228.157(b), a certified...

Subchapter E. Qualified Business

Section 228.201. Definition of Qualified Business - Sec. 228.201. DEFINITION OF QUALIFIED BUSINESS. (a) In this chapter,...

Section 228.202. Relocation of Principal Business Operations - Sec. 228.202. RELOCATION OF PRINCIPAL BUSINESS OPERATIONS. If, before the...

Section 228.203. Evaluation of Business by Comptroller - Sec. 228.203. EVALUATION OF BUSINESS BY COMPTROLLER. (a) A certified...

Section 228.204. Continuation of Classification as Qualified Business; Follow-on Investments Authorized - Sec. 228.204. CONTINUATION OF CLASSIFICATION AS QUALIFIED BUSINESS; FOLLOW-ON INVESTMENTS...

Subchapter F. Premium Tax Credit

Section 228.251. Premium Tax Credit - Sec. 228.251. PREMIUM TAX CREDIT. (a) A certified investor who...

Section 228.252. Limit on Premium Tax Credit - Sec. 228.252. LIMIT ON PREMIUM TAX CREDIT. (a) The credit...

Section 228.253. Premium Tax Credit Allocation Claim Required - Sec. 228.253. PREMIUM TAX CREDIT ALLOCATION CLAIM REQUIRED. (a) A...

Section 228.254. Total Limit on Premium Tax Credits - Sec. 228.254. TOTAL LIMIT ON PREMIUM TAX CREDITS. (a) The...

Section 228.255. Allocation of Premium Tax Credit - Sec. 228.255. ALLOCATION OF PREMIUM TAX CREDIT. (a) If the...

Section 228.256. Treatment of Credits and Capital - Sec. 228.256. TREATMENT OF CREDITS AND CAPITAL. In any case...

Section 228.257. Transferability of Credit - Sec. 228.257. TRANSFERABILITY OF CREDIT. (a) A certified investor may...

Section 228.258. Impact of Premium Tax Credit on Insurance Ratemaking - Sec. 228.258. IMPACT OF PREMIUM TAX CREDIT ON INSURANCE RATEMAKING....

Section 228.259. Retaliatory Tax - Sec. 228.259. RETALIATORY TAX. A certified investor claiming a credit...

Subchapter G. Enforcement

Section 228.301. Annual Review by Comptroller - Sec. 228.301. ANNUAL REVIEW BY COMPTROLLER. (a) The comptroller shall...

Section 228.302. Decertification of Certified Capital Company - Sec. 228.302. DECERTIFICATION OF CERTIFIED CAPITAL COMPANY. (a) A material...

Section 228.303. Administrative Penalty - Sec. 228.303. ADMINISTRATIVE PENALTY. (a) The comptroller may impose an...

Subchapter H. Recapture and Forfeiture of Premium Tax Credits

Section 228.351. Recapture and Forfeiture of Premium Tax Credit Following Decertification - Sec. 228.351. RECAPTURE AND FORFEITURE OF PREMIUM TAX CREDIT FOLLOWING...

Section 228.352. Notice of Recapture and Forfeiture of Premium Tax Credit - Sec. 228.352. NOTICE OF RECAPTURE AND FORFEITURE OF PREMIUM TAX...

Section 228.353. Indemnity Agreements and Insurance Authorized - Sec. 228.353. INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED. (a) A certified...