Bill to Classify Maintenance Taxes as Surcharges Heads to Governor

Texas lawmakers sent the governor a bill that aims to alleviate the problem of retaliatory taxes levied on insurance carriers domiciled in the state by reclassifying some taxes as surcharges. Lawmakers on Thursday sent the governor SB 1455, by Sen. Brent Hagenbuch, D-Denton, which would change to a "surcharge" the maintenance tax levied on carriers and self-insured employers to finance the Division of Workers’ Compensation. An analysis of the measure says some states require carriers to pay the difference between the overall tax rate where they’re operating and the over...