(a) The Finance Commission of Texas by rule may adopt a system under which licenses issued under this chapter expire on various dates during the year.
(b) For a year in which an expiration date is changed, a license fee payable on the date of issuance shall be prorated according to the number of months during which the license is valid.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Texas Finance Code 371.007


(c) On renewal of a license on the new expiration date, the total license fee is payable.