Texas Insurance Code 223A.007 – Credit for Fees Paid
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(a) A captive insurance company is entitled to a credit on the amount of tax due under this chapter for all examination and evaluation fees paid to this state during the calendar year for which the tax is due. The limitations provided by Sections 803.007(1) and (2)(B) for a domestic insurance company apply to a captive insurance company.
(b) The credit provided by this section is in addition to any other credit authorized by statute.
Terms Used In Texas Insurance Code 223A.007
- Statute: A law passed by a legislature.
- Year: means 12 consecutive months. See Texas Government Code 311.005