The Laws of Texas, 1927 [Volume 25] Page: 285 of 1,111
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GENERAL AND SPECIAL LAWS. 269
gency and an imperative public necessity that the constitutional
rule requiring bills to be read on three several days in each
House be suspended, and said rule is hereby suspended, and that
this Act shall take effect and be in force from and after its
passage, and it is so enacted.
Approved March 29, 1927.
Effective March 29, 1927.
HOW PROPERTY OF FIRE INSURANCE AND CASUALTY
COMPANIES SHALL BE ASSESSED FOR TAXATION.
S. B. No. 12.] CHAPTER 190.
An Act regulating the manner in which the property of Fire Insurance
Companies and Casualty Companies organized under the provisions of
the laws of this State shall be assessed for taxes, and declaring an
Be it enacted by the Legislature of the State of Texas:
SECTION 1. That Fire Insurance Companies and Casualty
Companies incorporated under the laws of this, State shall hereafter
be required to render for State, County and Municipal
taxation all of their real estate as other real estate is rendered.
All personal property of such insurance companies shall be valued
as other property is valued for assessment in this State in
the following manner; From the total valuation of their assets
shall be deducted the reserve and from the remainder shall be
deducted the assessed value of all real estate owned by such compaanies
and the remainder shall be the taxable personal property
of such companies, to be assessed as other property.
SEC. 2. The fact that there is now no law prescribing how
the property of such insurance companies shall be assessed for
taxes. and that tax assessors of the various counties and municipalities
in this State are uncertain how to require renditions
of such companies, creates an emergency and an imperative
public necessity that the constitutional rule requiring bills to be
read on three several days be suspended and same is hereby
suspended, and this Act shall take effect and be in force from
and after its passage, and it is so enacted.
[NOTE.-S. B. No. 12 passed the House and Senate without
a roll call vote.]
Approved March 29, 1927.
Effective (90) ninety days after adjournment.
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1927 [Volume 25], book, 1927; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16125/m1/285/?q=spanish: accessed June 16, 2021), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .