Tex. Ins. Code § 228.252 · Subchapter F. PREMIUM TAX CREDIT
LIMIT ON PREMIUM TAX CREDIT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The credit to be applied against state premium tax liability of a certified investor in any one year may not exceed the state premium tax liability of the investor for the taxable year.
(b) A certified investor may carry forward any unused credit against state premium tax liability indefinitely until the premium tax credits are used.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 66f2647959d9ee261f50f4789c0575bd2c3211a66eaec6c5facaacde23bff756
- 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
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.