Last Updated on July 12, 2021
On August 21, 2020, the Finance Commission adopted amendments to 7 TAC §76.98 Annual Fee To Do Business. The amendments allow the Department to base the calculation of the annual assessment fee on the state savings bank’s risk-weighted or total assets, whichever is lower.
The amended rule is scheduled to be published on September 4, 2020, to the Texas Register, and to become effective September 13, 2020.
The billing for the first quarter assessments will be issued not earlier than September 14, 2020, and the amounts collected via ACH debit not earlier than September 30, 2020.
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Caroline C. Jones