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A BILL TO BE ENTITLED
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AN ACT
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relating to the applicability of the sales and use tax to certain |
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insurance services. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.0039(b), Tax Code, is amended to |
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read as follows: |
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(b) "Insurance service" does not include: |
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(1) insurance coverage for which a premium is paid or |
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commissions paid to insurance agents for the sale of insurance or |
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annuities; [or] |
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(2) a service performed on behalf of an insured by a |
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person licensed under Chapter 4102, Insurance Code; or |
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(3) a service performed by a certified public |
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accountancy firm, as that term is defined by Section 901.002, |
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Occupations Code, if less than one percent of the firm's revenue in |
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the calendar year is from services in this state that would |
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otherwise constitute insurance service under Subsection (a). |
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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. |