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A BILL TO BE ENTITLED
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AN ACT
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relating to the use by the comptroller of public accounts of certain |
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forms in connection with administration and enforcement of certain |
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insurance premium tax laws. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 201.051, Insurance Code, is amended by |
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adding Subsection (e) to read as follows: |
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(e) Notwithstanding another provision of this section, the |
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comptroller shall allocate premium or revenue with respect to |
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premium tax imposed on an insurer or health maintenance |
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organization under this title based solely on the premium or |
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revenue allocation by state as reported by the insurer or health |
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maintenance organization on the applicable form prescribed by the |
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National Association of Insurance Commissioners and adopted by the |
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commissioner by rule. |
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SECTION 2. The change in law made by this Act does not |
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affect tax liability accruing before the effective date of this |
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Act. That liability continues in effect as if this Act had not been |
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enacted, and the former law is continued in effect for the |
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collection of taxes due and for civil and criminal enforcement of |
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the liability for those taxes. |
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SECTION 3. This Act takes effect January 1, 2018. |