88S40134 CJD-D     By: Thompson of Brazoria H.B. No. 29       A BILL TO BE ENTITLED   AN ACT   relating to an exemption for policies issued to school districts   and open-enrollment charter schools from insurance premium taxes.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 203, Insurance Code, is amended by   adding Section 203.003 to read as follows:          Sec. 203.003.  EXEMPTION FROM PREMIUM TAXES FOR PUBLIC   SCHOOL POLICIES. (a) Notwithstanding any other law, an insurer is   not liable for premium taxes on a policy issued to a school district   or open-enrollment charter school.          (b)  To qualify for an exemption under this section, the   insurer must keep on file a form, signed and dated by an authorized   representative of the school district or open-enrollment charter   school, affirming that the policy is for a school district or   open-enrollment charter school that is eligible to receive funding   from the Foundation School Program under Chapter 48, Education   Code.          (c)  The comptroller and the commissioner may adopt rules   necessary to implement this section.          SECTION 2.  Section 281.006, Insurance Code, is amended by   adding Subsection (a) to read as follows:          (a)  In determining an insurer's taxes or other charges under   this subchapter, the comptroller shall consider the insurer to be   liable for taxes for which an exemption is provided under Section   203.003 as if that section did not exist.          SECTION 3.  The changes in law made by this Act apply only to   a tax report originally due on or after the effective date of this   Act.          SECTION 4.  This Act takes effect on the 91st day after the   last day of the legislative session.