Ask Regina

Q. We have an insured that is a 501-C non-profit organization that is tax exempt for salesregina taxes. Are they exempt from the surplus lines tax on their policy?

A. No, they are not exempt. The Texas Comptroller of Public Accounts website states each Texas tax has its own exemptions. An exemption from one tax does not necessarily extend to other taxes. There is no exemption from surplus lines tax for policies issued to non-profit organizations.

This entry was posted in Ask Regina, Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s