HB2517 - Relating to the applicability of premium and maintenance taxes to the Texas Windstorm Insurance Association and Texas FAIR Plan Association.

      H.B. No. 2517         AN ACT   relating to the applicability of premium and maintenance taxes to   the Texas Windstorm Insurance Association and Texas FAIR Plan   Association.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 221.001(b), Insurance Code, is amended   to read as follows:          (b)  This chapter does not apply to:                (1)  a fraternal benefit society, including a fraternal   benefit society operating under Chapter 885;                (2)  a group hospital service corporation operating   under Chapter 842;                (3)  a stipulated premium company operating under   Chapter 884;                (4)  a mutual assessment association, company, or   corporation regulated under Chapter 887;                (5)  a purely cooperative or mutual fire insurance   company carried on by its members solely for the protection of their   own property and not for profit, except as provided by Section   221.002(b)(13); [ or ]                (6)  a farm mutual insurance company operating under   Chapter 911, unless the company is acting as a fronting insurer ;                 (7)  the Texas Windstorm Insurance Association; or                 (8)  the Texas FAIR Plan Association .          SECTION 2.  Section 252.005, Insurance Code, is amended to   read as follows:          Sec. 252.005.  EXCEPTION. This chapter does not apply to:                (1)  a farm mutual insurance company operating under   Chapter 911, unless the company is acting as a fronting insurer as   defined by Section 221.001(c); [ or ]                (2)  a mutual insurance company engaged in business   under Chapter 12, Title 78, Revised Statutes, before that chapter's   repeal by Section 18, Chapter 40, Acts of the 41st Legislature, 1st   Called Session, 1929, as amended by Section 1, Chapter 60, General   Laws, Acts of the 41st Legislature, 2nd Called Session, 1929, that   retains the rights and privileges under the repealed law to the   extent provided by those sections ;                 (3)  the Texas Windstorm Insurance Association; or                 (4)  the Texas FAIR Plan Association .          SECTION 3.  The changes in law made by this Act do not affect   tax liability accruing before the 2023 calendar year.  The   liability continues in effect as if this Act had not been enacted,   and the former law is continued in effect for the collection of   taxes due and for enforcement of the liability for those taxes.          SECTION 4.  This Act takes effect September 1, 2025.       ______________________________ ______________________________      President of the Senate Speaker of the House                   I certify that H.B. No. 2517 was passed by the House on May 2,   2025, by the following vote:  Yeas 117, Nays 18, 1 present, not   voting.     ______________________________   Chief Clerk of the House                 I certify that H.B. No. 2517 was passed by the Senate on May   28, 2025, by the following vote:  Yeas 29, Nays 2.     ______________________________   Secretary of the Senate       APPROVED:  _____________________                      Date                           _____________________                    Governor