Sec. 228.155. COMPUTATION OF AMOUNT OF INVESTMENTS. (a) The aggregate cumulative amount of all qualified investments made by a certified capital company after the company's allocation date shall be considered in the computation of the percentage requirements under this subchapter.
(b) A certified capital company may invest proceeds received from a qualified investment in another qualified investment, and that investment counts toward any requirement of this chapter with respect to investments of certified capital.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle B - Insurance Premium Taxes
Chapter 228 - Premium Tax Credit for Certain Investments
Subchapter D. Investment by Certified Capital Companies
Section 228.151. Required Schedule of Investment
Section 228.152. Investment in Early Stage Business Required
Section 228.153. Investment in Strategic Investment Business Required
Section 228.154. Certified Capital Not Invested in Qualified Investments
Section 228.155. Computation of Amount of Investments
Section 228.156. Limit on Qualified Investment