PREMIUM TAX
Known as the Texas Workers' Compensation Act
The act spans §§ 401.001 to 419.007 (623 sections).
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff
(a) Each group shall pay to the comptroller a premium tax on gross premiums for the group's retention. The premium tax assessed under this subsection does not apply to premium collected for excess insurance.
(b) The rate for the premium tax under this section is the rate assessed under Chapter 221, Insurance Code.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.