Texas § 228.254 TOTAL LIMIT ON PREMIUM TAX CREDITS.

Texas Statutes

§ 228.254 — TOTAL LIMIT ON PREMIUM TAX CREDITS.

Texas § 228.254

Code INInsurance Code

This text of Texas § 228.254 (TOTAL LIMIT ON PREMIUM TAX CREDITS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 228.254 (2026).

Text

Sec. 228.254. TOTAL LIMIT ON PREMIUM TAX CREDITS.

(a)The total amount of certified capital for which premium tax credits may be allowed under this chapter for all years in which premium tax credits are allowed is:

(1)$200 million for Program One; and

(2)$200 million for Program Two.

(b)The total amount of certified capital for which premium tax credits may be allowed for all certified investors under this chapter may not exceed the amount that would entitle all certified investors in certified capital companies to take total credits of $50 million in a year with respect to Program One and $50 million in a year with respect to Program Two.

(c)A certified capital company and the company's affiliates may not file premium tax credit allocation claims with respect to Program One or Program

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Sec. 228.254. TOTAL LIMIT ON PREMIUM TAX CREDITS. (a) The total amount of certified capital for which premium tax credits may be allowed under this chapter for all years in which premium tax credits are allowed is:
(1) $200 million for Program One; and
(2) $200 million for Program Two.
(b) The total amount of certified capital for which premium tax credits may be allowed for all certified investors under this chapter may not exceed the amount that would entitle all certified investors in certified capital companies to take total credits of $50 million in a year with respect to Program One and $50 million in a year with respect to Program Two.
(c) A certified capital company and the company's affiliates may not file premium tax credit allocation claims with respect to Program One or Program Two, as applicable, in excess of the maximum amount of certified capital for which premium tax credits may be allowed for that program as provided by this section.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 1B.001, eff. April 1, 2009. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 14.006(a), eff. September 1, 2009.