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TX HB2517
Bill
Status
6/20/2025
Primary Sponsor
Jeff Barry
Click for details
AI Summary
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Exempts the Texas Windstorm Insurance Association (TWIA) from premium taxes under Chapter 221 of the Insurance Code
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Exempts the Texas FAIR Plan Association from premium taxes under Chapter 221 of the Insurance Code
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Exempts both TWIA and the Texas FAIR Plan Association from maintenance taxes under Chapter 252 of the Insurance Code
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Tax liability accrued before the 2023 calendar year remains enforceable under prior law and is unaffected by this exemption
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Takes effect September 1, 2025; passed the House 117-18 on May 2, 2025, and the Senate 29-2 on May 28, 2025
Legislative Description
Relating to the applicability of premium and maintenance taxes to the Texas Windstorm Insurance Association and Texas FAIR Plan Association.
Taxation
Last Action
Effective on 9/1/25
6/20/2025