Tex. Ins. Code § 223A.004 · Chapter 223A. CAPTIVE INSURANCE PREMIUM TAX
TAX DUE DATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The total tax imposed by this chapter is due and payable not later than March 1 after the end of the calendar year for which the tax is due.
(b) A captive insurance company that had a net tax liability for the previous calendar year of more than $1,000 shall make semiannual prepayments of tax on March 1 and August 1. The tax paid on each date must be equal to 50 percent of the total amount of tax the company paid under this chapter for the previous calendar year. If the company did not pay a tax under this chapter during the previous calendar year, the tax paid on each date must be equal to the tax that would be owed on the aggregate of the gross premiums for the two previous calendar quarters.
(c) The comptroller may refund any overpayment of taxes that results from the semiannual prepayment system prescribed by this section.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 1, eff. June 14, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.223A.htm
- Text hash
- sha256 019350d316a7b9583511ee11eac92da0e88e1208cf9eaf4f070db0f8403f57c9
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 223A.004. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.