88S31151 CJD-D
 
  By: Thompson of Brazoria H.B. No. 201
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an exemption for policies issued to school districts
  and open-enrollment charter schools from insurance premium and
  maintenance taxes.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 203, Insurance Code, is amended by
  adding Section 203.003 to read as follows:
         Sec. 203.003.  EXEMPTION FROM PREMIUM AND MAINTENANCE TAXES
  FOR PUBLIC SCHOOL POLICIES. (a) Notwithstanding any other law, an
  insurer is not liable for premium or maintenance taxes on a policy
  issued to a school district or open-enrollment charter school.
         (b)  To qualify for an exemption under this section, the
  insurer must keep on file a form, signed and dated by an authorized
  representative of the school district or open-enrollment charter
  school, affirming that the policy is for a school district or
  open-enrollment charter school that is eligible to receive funding
  from the Foundation School Program under Chapter 48, Education
  Code.
         (c)  The comptroller and the commissioner may adopt rules
  necessary to implement this section.
         SECTION 2.  Section 281.006, Insurance Code, is amended by
  adding Subsection (a) to read as follows:
         (a)  In determining an insurer's taxes or other charges under
  this subchapter, the comptroller shall consider the insurer to be
  liable for taxes for which an exemption is provided under Section
  203.003 as if that section did not exist.
         SECTION 3.  The changes in law made by this Act apply only to
  a tax report originally due on or after the effective date of this
  Act.
         SECTION 4.  This Act takes effect on the 91st day after the
  last day of the legislative session.