H.B. No. 2517 amends the Texas Insurance Code to clarify the applicability of premium and maintenance taxes to specific insurance associations. The bill introduces new provisions that exempt the Texas Windstorm Insurance Association and the Texas FAIR Plan Association from certain tax obligations. Specifically, it adds these two associations to the list of entities that are not subject to the provisions of the relevant chapters of the Insurance Code, while also maintaining existing exemptions for other types of insurance companies.

Additionally, the bill specifies that the changes in tax liability will not affect any obligations that accrued before the 2023 calendar year, ensuring that previous tax laws remain in effect for the collection and enforcement of taxes due prior to this change. The act is set to take effect on September 1, 2025, following its passage in both the House and Senate.

Statutes affected:
Introduced: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
House Committee Report: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
Engrossed: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
Senate Committee Report: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
Enrolled: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)