Examination Expenses

Sec. 803.007. EXAMINATION EXPENSES. A credit on or an offset against the amount of premium taxes to be paid by a domestic company to the state in a taxable year may not be allowed on: (1) a fee or examination expense paid to another state; or (2) an examination expense: (A) incurred by a representative of the department that is directly attributable to an examination of the books, records, accounts, or principal offices of a domestic company located outside this state; or (B) paid in a different taxable year. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.