{"data":{"id":"us-tx/tex.-insurance-code-228.153","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 228.153","heading":"INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.","body":"(a) In this section:\n(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.\n(2) \"Strategic investment business\" means a qualified business that:\n(A) has the business's principal business operations located in one or more strategic investment areas; and\n(B) intends to maintain business operations in the strategic investment areas after receipt of the investment by the certified capital company.\n(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.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm#228.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"04968edfb1273368c6c3a840df2ab441002337283f702ac29ff330e526f5f200","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-228.152","next":"us-tx/tex.-insurance-code-228.154"},"notice":"GroundRules: Original legal text. Not legal advice."}