By: Montford S.B. No. 1274
A BILL TO BE ENTITLED
AN ACT
1-1 relating to calculation of the self-insurer maintenance tax.
1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-3 SECTION 1. Section 407.103, Texas Labor Code, is amended by
1-4 amending Subsection (b) to read as follows:
1-5 (b) To determine the tax base of a certified self-insurer
1-6 for purposes of this chapter, the director shall multiply the
1-7 amount of the certified self-insurer's liabilities for workers'
1-8 compensation claims incurred in the previous year, including claims
1-9 incurred but not reported, plus the amount of expense incurred by
1-10 the certified self-insurer in the previous year for administration
1-11 of self-insurance, including legal costs, by 1.02 <each certified
1-12 self-insurer shall report its payroll by individual workers'
1-13 compensation risk code classifications in its application for
1-14 certification and in its annual reports to the commission. The
1-15 commission shall compute the estimated manual premium for the
1-16 certified self-insurer using the workers' compensation insurance
1-17 rates established by the State Board of Insurance. The commission
1-18 shall compute the certified self-insurer's tax base by multiplying
1-19 the estimated manual premium by 0.75>.
1-20 SECTION 2. This Act takes effect September 1, 1995.
1-21 SECTION 3. The importance of this legislation and the
1-22 crowded condition of the calendars in both houses create an
1-23 emergency and an imperative public necessity that the
2-1 constitutional rule requiring bills to be read on three several
2-2 days in each house be suspended, and this rule is hereby suspended.