Sec. 281.005. EXCLUSION OF CERTAIN TAXES OR CHARGES. In determining an insurer's taxes or other charges under this subchapter, the comptroller may not consider:
(1) an ad valorem tax on property;
(2) a personal income tax;
(3) a sales tax;
(4) a surcharge that an insurer may recover directly from policyholders; or
(5) an assessment for a special purpose, such as an assessment for a guaranty association, high risk health pool, joint underwriting association, or windstorm association, under the law of this or another state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Chapter 281 - Retaliatory Provisions
Subchapter A. Retaliatory Taxes and Other Charges
Section 281.002. Treatment of Alien Insurer as Foreign Insurer
Section 281.004. Retaliatory Taxes or Other Charges, Prohibitions, and Restrictions
Section 281.005. Exclusion of Certain Taxes or Charges
Section 281.006. Treatment of Certain Tax Reductions and Credits
Section 281.007. Tax Report; Administration and Collection of Tax