Texas Comptroller Publishes Excise Tax Information on Motor Vehicle Crime Prevention Authority Fee for Insurers

The Texas Comptroller of Public Accounts Feb. 1 published information about the Motor Vehicle Crime Prevention Authority Fee, for excise tax purposes. The information reminds taxpayers that: 1) property and casualty insurance companies authorized by the Texas Department of Insurance to write automobile insurance policies as described in the Insurance Code, must report and pay the fee on or before March 1, 2024, for policies effective from July 1, 2023, through Dec. 31, 2023; and 2) companies licensed to write automobile coverage must file Form 25-107, Insurance Motor Vehicle Crime Prevention Authority Semiannual Fee Report - July through December, even ...