Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 228.153: INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.

Where this section sits in the code

INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES
SUBTITLE B. INSURANCE PREMIUM TAXES
CHAPTER 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS
SUBCHAPTER D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES

(a) In this section:

(1) "Strategic investment area" means an area of this state that qualifies as a strategic investment area under Subchapter O, Chapter 171, Tax Code, or, after the date that subchapter expires, an area that qualified as a strategic investment area under that subchapter immediately before that date.

(2) "Strategic investment business" means a qualified business that:

(A) has the business's principal business operations located in one or more strategic investment areas; and

(B) intends to maintain business operations in the strategic investment areas after receipt of the investment by the certified capital company.

(b) A certified capital company must place at least 30 percent of the amount of qualified investments required by Sections 228.151(a) and (b) in a strategic investment business.

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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