Each administrator shall annually pay a maintenance tax on its correctly determined administrative or service fees with respect to risks located in this state. The maintenance tax rate will be determined annually, but may not exceed 1.0%. Each administrator shall complete and submit the maintenance tax on a tax form prescribed by the Office of the Texas Comptroller of Public Accounts.

Source Note:The provisions of this §7.1614 adopted to be effective September 14, 1994, 19 TexReg 6855.