Texas Comptroller of Public Accounts STAR System
STAR SUPERSEDED WITHOUT SUMMARY
Accession No.(s): 9205R1166E14
Document superseded on: 08/15/2013
STATE OF TEXAS
COMPTROLLER OF PUBLIC ACCOUNTS
Rule 3.566. Title Insurance Holding Companies.
(a) Controlled company. For franchise tax purposes controlled company has the
same meaning as defined in the Insurance Code, Article 21.49-1.
(b) Eligibility. A title insurance holding company that is subject to the
Insurance Code, Article 21.49-1, and which controls one or more domestic title
insurance companies that are subject to the tax on premiums under the Insurance
Code, Article 9.59, is entitled to a credit against the franchise tax imposed
by the Tax Code, Chapter 171.
(c) Calculation of the credit.
(1) The credit for each controlled domestic title company is computed by
multiplying the amount of tax on premiums paid by that company in the most
recent calendar year ending before the franchise tax report is due, by the
percentage of ownership of the title insurance holding company in the
controlled domestic title insurance company.
(2) The percentage of ownership of a controlled domestic title insurance
company is determined as of the accounting year-end upon which taxable capital
(1) No portion of a credit may be used on a report for another period.
(2) A corporation may not take credit for the same tax on premiums more than
(e) Effective date. The tax credits provided by the Insurance Code, Article
9.59, apply to the reporting and calculation of franchise taxes for each
initial, second, and regular annual period beginning on or after January 1,
Effective Date: May 4, 1992
Filed with Secretary of State: April 13, 1992
ACCESSION NUMBER: 9205R1166E14
DOCUMENT TYPE: R
TAX TYPE: FRANCHISE