Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle A. GENERAL PROVISIONS APPLICABLE TO INSURERS AND RELATED ENTITIES |
Chapter 803. LOCATION OF BOOKS, RECORDS, ACCOUNTS, AND OFFICES OUTSIDE OF THIS STATE |
Sec. 803.007. EXAMINATION EXPENSES
Latest version.
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A credit on or an offset against the amount of premium taxes to be paid by a domestic company to the state in a taxable year may not be allowed on:
(1) a fee or examination expense paid to another state; or
(2) an examination expense:
(A) incurred by a representative of the department that is directly attributable to an examination of the books, records, accounts, or principal offices of a domestic company located outside this state; or
(B) paid in a different taxable year.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.