Texas § IN.222.003 - TAX RATES
Full text of Texas The Texas Constitution § IN.222.003 — TAX RATES, with citation guidance and answers to common questions.
§ IN.222.003. TAX RATES
TAX RATES. (a) Except as provided by Subsection (b), the rate of the tax imposed by this chapter on an insurer is 1.75 percent of the insurer's taxable gross premiums received during a calendar year. (b) The rate of the tax imposed by this chapter on an insurer that receives taxable gross premiums from the business of life insurance is: (1) 0.875 percent of the first $450,000 of taxable gross premiums received during a calendar year from the business of life insurance; and (2) 1.75 percent of the remaining taxable gross premiums received during that calendar year from the business of life insurance. (c) The rate of the tax imposed by this chapter on a health maintenance organization is: (1) 0.875 percent of the first $450,000 of taxable gross revenues received during a calendar year for the issuance of health maintenance certificates or contracts; and (2) 1.75 percent of the remaining taxable gross revenues received during that calendar year for the issuance of health maintenance certificates or contracts. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.222.003
What does The Texas Constitution § IN.222.003 cover?
Section IN.222.003 ("TAX RATES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.222.003?
A common citation format is "The Texas Constitution § IN.222.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.222.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.