Tex.
Labor Code Section 405.003
Funding; Maintenance Tax
(a)
The group’s duties under this chapter are funded through the assessment of a maintenance tax collected annually from all insurance carriers, and self-insurance groups that hold certificates of approval under Chapter 407A (Group Self-insurance Coverage), except governmental entities.(b)
The department shall set the rate of the maintenance tax based on the expenditures authorized and the receipts anticipated in legislative appropriations. The tax rate for insurance companies may not exceed one-tenth of one percent of the correctly reported gross workers’ compensation insurance premiums. The tax rate for certified self-insurers may not exceed one-tenth of one percent of the total tax base of all certified self-insurers, as computed under Section 407.103 (Self-insurer Maintenance Tax; Effect on General Maintenance Tax)(b). The tax rate for self-insurance groups described by Subsection (a) may not exceed one-tenth of one percent of the group’s gross premium for the group’s retention, excluding premium collected by the group for excess insurance.(c)
The tax imposed under Subsection (a) is in addition to all other taxes imposed on those insurance carriers for workers’ compensation purposes.(d)
The tax on insurance companies and on self-insurance groups described by Subsection (a) shall be assessed, collected, and paid in the same manner and at the same time as the maintenance tax established for the support of the department under Chapter 255 (Workers’ Compensation Insurance), Insurance Code. The tax on certified self-insurers shall be assessed, collected, and paid in the same manner and at the same time as the self-insurer maintenance tax collected under Section 407.104 (Collection of Taxes and Fees; Administrative Violation).(e)
Amounts received under this section shall be deposited in the general revenue fund in accordance with Section 251.004 (Deposit of Maintenance Taxes), Insurance Code, to be used:(1)
for the operation of the group’s duties under this chapter; and(2)
to reimburse the general revenue fund in accordance with Section 201.052 (Reimbursement), Insurance Code.(f)
Section 403.095 (Use of Dedicated Revenue), Government Code, does not apply in relation to amounts received under this section or to any special account into which the amounts are deposited.
Source:
Section 405.003 — Funding; Maintenance Tax, https://statutes.capitol.texas.gov/Docs/LA/htm/LA.405.htm#405.003 (accessed Jun. 5, 2024).
