Texas Insurance Code 401.154 – Tax Credit Authorized
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(a) An insurer is entitled to a credit on the amount of premium taxes to be paid by the insurer for all examination fees paid under Section 401.153. The insurer may take the credit for the taxable year during which the examination fees are paid and may take the credit to the same extent the insurer may take a credit for examination fees paid when a salaried department examiner conducts the examination.
(b) Expired.
Terms Used In Texas Insurance Code 401.154
- Year: means 12 consecutive months. See Texas Government Code 311.005