LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 2, 1995



 TO:     Honorable John T. Montford, Chair      IN RE:  Senate Bill No. 641
         Committee on Finance                           By: Montford
         Senate
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
641 (Relating to administration and collection of certain
insurance taxes.) this office has determined the following:

The bill would make various changes regarding the administration
and collection of certain insurance taxes and fees.  The bill
would alter the collection of certain taxes by basing them on 
premiums written and billed instead of premiums received.  Taxes
would be due even if policies were subsequently canceled. 

In addition,  the bill would eliminate language regarding the
payment of surplus line premium taxes and require only that
surplus line insurers report gross premiums received to the
Comptroller.


No fiscal implication to units of local government is
anticipated.

The fiscal implication to  the State cannot be determined.


Source:   Comptroller of Public Accounts, Department of Insurance
          LBB Staff: JK, DF