Sec. 228.158. REPAYMENT OF DEBT. Notwithstanding Section 228.157(b), a certified capital company may make repayments of principal and interest on the company's indebtedness without any restriction, including repaying the company's indebtedness on which certified investors earned premium tax credits.
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