Section 233.0051 - Credit(a) An entity is eligible for a credit against the entity's state premium tax liability in the amount and under the limitations provided by this chapter if the entity owns a direct or indirect interest in a qualified development. (b) An entity that claims a credit under this chapter is not required to pay any additional retaliatory tax under Chapter 281 as a result of claiming the credit. Tex. Ins. Code § 233.0051
Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 811,Sec. 2, eff. 1/1/2024, app. only to a tax report originally due on or after January 1, 2026, and before January 1, 2036.