Tex. Ins. Code Section 225.009
Prepayment of Tax


A surplus lines agent shall prepay the tax imposed by this chapter when the amount of the accrued taxes due is equal to at least $70,000.


A surplus lines agent shall prepay the taxes using a form prescribed by the comptroller. The prepayment is due on or before the 15th day of the month following the month in which the amount of taxes described by this section accrues.


The comptroller by rule may change the accrued tax amount for which prepayment is required under Subsection (a) and the prepayment deadline under Subsection (b).


Notwithstanding Subsections (a), (b), and (c), if this state enters a cooperative agreement, reciprocal agreement, or compact with another state for the allocation of surplus lines tax as authorized by Chapter 229 (Cooperative Agreements with Other States), the tax shall be allocated and reported in accordance with the terms of the agreement or compact.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 5, eff. June 15, 2007.
Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 18.06, eff. September 28, 2011.

Source: Section 225.009 — Prepayment of Tax, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­225.­htm#225.­009 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 225.009’s source at texas​.gov