Sec. 225.005. TAX EXCLUSIVE. The tax imposed by this chapter is a transaction tax collected by the surplus lines agent of record and is in lieu of any other transaction taxes on these premiums.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 18.05, eff. September 28, 2011.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle B - Insurance Premium Taxes
Chapter 225 - Surplus Lines Insurance Premium Tax
Section 225.002. Applicability of Chapter
Section 225.003. Applicability of General Provisions of Other Law
Section 225.004. Tax Imposed; Rate
Section 225.005. Tax Exclusive
Section 225.006. Collection of Tax by Agent
Section 225.007. Collected Taxes Held in Trust
Section 225.008. Tax Payment, Report, and Due Date
Section 225.009. Prepayment of Tax
Section 225.010. Tax Absorption and Rebates Prohibited
Section 225.011. Canceled or Rewritten Insurance Contract
Section 225.012. State as Preferred Creditor