Untitled Texas Attorney General Opinion

THE A-ITORNEYGENERAI. OF YlYExAs Honorable D.B. Rwro'w Chief Fxamider.and Chief Clerk Board of Insurance Commissioners Travis County Austin, Texas bar Sir: Opinion No. O-2988 , Re: Seation 12, Senate Bill 136, 46th Legisla- ture - Mortuary or relief funds of mutual assessment life insurance companies may not be used to pay taxes. Your request for opinion has been received and aarefully considered by this department. We quote from your request as follows: "In your opinion dated February 26, 1938, and written by Honorable Riohard Erooks, Assistant Attorney General, it nas held that mutual assessment life insurance corporations operating under At-tide 4859f (House Bill 303) are subject to taxation under Article 7064a: and it was also held that the Mortuary and Expense Fund of such corporations are to bear the tax in the seme proportion that they of the last ruling, of course,f is that the EOortuaryFund of such corporations may legally pay a part of the premium tax. Y