(a) Except as provided by Section 226.055, the tax imposed by this subchapter is due and payable not later than:
- (1) May 15 after the end of the calendar year in which the insurance was procured, continued, or renewed; or
- (2) another date prescribed by the comptroller.
- (b) An insured who fails to withhold from the premium the amount of tax imposed by this subchapter is liable for the amount of the tax and shall pay the tax due.
- (c) The insured shall file a tax report and pay the tax.
- (d) The insured may designate another person to file the report and pay the tax.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.