The Laws of Texas, 1937-1939 [Volume 31] Page: 191 of 1,313
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FORTY-FIFTH LEGISLATURE-SECOND CALLED SESSION 1913
IMPOSING TAX UPON GROSS RECEIPTS OF FOREIGN
MUTUAL ASSESSMENT INSURANCE
COMPANIES.
H. B. No. 81.] CHAPTER 33.
An Act amending Article 4782 Revised Civil Statutes, 1925; repealing
all laws' or parts of laws in conflict herewith; providing that provisions
hereof shall not affect Acts, Forty-first Legislature, First Called
Session, 1929, Chapter 40 as amended by Acts, Forty-first Legislature,
1929, Second Called Session, Chapter 60 or Senate Bill No. 81, Acts
of the Regular Session of the Forty-fifth Legislature; providing that
nothing herein is to authorize the Board of Insurance Commissioners
to issue a permit to do business in Texas to any foreign mutual assessment
life insurance company that is' not now doing business here and
that the intention of this Act is to regulate and levy a tax on those
companies that are now doing business here; and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
SECTION 1. Article 4782 Revised Civil Statutes of Texas,
1925, be and the same is amended so as to read hereafter as
follows:
"Article 4782. Section 1. Each and every foreign mutual
assessment life insurance company doing business in the State
of Texas under the provisions of Chapter 5, Title 78, Revised
Civil Statutes of Texas, 1925, shall file with the Board of Insurance
Commissioners of Texas not earlier than the first day of
January of each year nor later than the first day of March of
each year, a report duly sworn to by two principal officers of
such company. Such report shall be in addition to any and all
other reports required by the laws of Texas to be filed by such
companies, and shall contain the exact amount of money received
by such companies from its Texas policyholders by way of
premiums and/or assessments.
"Section 2. There is hereby imposed upon such companies a
tax of one (1) per cent of the gross amount of the receipts of
such companies in Texas from premiums and/or assessments,
as shown by the report provided for in Section 1 hereof. Such
tax shall be paid by each and every such company in the manner
as provided in Section 4 hereof.
"Section 3. Upon the receipt of the report provided in Section
1 hereof the Board of Insurance Commissioners shall immediately
certify to the State Treasurer the amount of taxes due
by each of said companies.
"Section 4. Each and every such company shall immediately
pay to the State Treasurer the amount of tax due as shown by
the certificate of the Board of Insurance Commissioners. Upon
collection of the tax herein imposed upon such companies, the
State Treasurer shall immediately certify such fact to the Board
of Insurance Commissioners.
"The tax herein imposed shall constitute an occupation tax
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1937-1939 [Volume 31], book, 1939; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth18824/m1/191/: accessed May 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .