An insured whose home state is Texas must pay the independently procured insurance premium tax when procuring a policy directly from a nonadmitted insurer. Tax is due in Texas based on the entire premium charged for the policy, even if there is premium allocable to risk located in other states. If there is no risk in Texas, however, then the state with the highest premium allocation becomes the home state and no tax is due in Texas.
If an agent or broker is involved in the placement of an insurance policy, then the policy is surplus lines insurance, and it is subject to regulation and taxation by the home state of the insured.
4.85 percent of taxable premiums
Yearly: May 15 for the previous calendar year (for example, May 15, 2015, for policies written in 2014).
Select the amount of taxes you paid in the preceding state fiscal year (Sept. 1 – Aug. 31) to find the reporting and payment methods to use.
In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.