Bill Text: TX HB201 | 2023 | 88th Legislature 3rd Special Session | Introduced
Bill Title: Relating to an exemption for policies issued to school districts and open-enrollment charter schools from insurance premium and maintenance taxes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-10-31 - Filed [HB201 Detail]
Download: Texas-2023-HB201-Introduced.html
| 88S31151 CJD-D | ||
| By: Thompson of Brazoria | H.B. No. 201 | |
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| 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. | ||
