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Session Laws, 2006
Volume 750, Page 4   View pdf image
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Ch. 1 2006 LAWS OF MARYLAND
(I) (II) THE AMOUNT SPENT BY THE EMPLOYER IN THE YEAR
IMMEDIATELY PRECEDING THE PREVIOUS CALENDAR YEAR ON HEALTH INSURANCE
COSTS IN THE STATE; AND (II) (III) THE PERCENTAGE OF PAYROLL THAT WAS SPENT BY THE
EMPLOYER IN THE YEAR IMMEDIATELY PRECEDING THE PREVIOUS CALENDAR YEAR
ON HEALTH INSURANCE COSTS IN THE STATE. (2)      THE SECRETARY SHALL ADOPT REGULATIONS THAT SPECIFY THE
INFORMATION THAT AN EMPLOYER SHALL SUBMIT UNDER PARAGRAPH (1) OF THIS
SUBSECTION. (3)      THE INFORMATION REQUIRED SHALL: (I)      BE DESIGNATED IN A REPORT SIGNED BY THE PRINCIPAL
EXECUTIVE OFFICER OR AN INDIVIDUAL PERFORMING A SIMILAR FUNCTION; AND (II)     INCLUDE AN AFFIDAVIT UNDER PENALTY OF PERJURY THAT
THE INFORMATION REQUIRED UNDER PARAGRAPH (1) OF THIS SUBSECTION: 1.       WAS REVIEWED BY THE SIGNING OFFICER; AND 2.       WAS BASED ON THE OFFICER'S KNOWLEDGE AND DOES
NOT CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT A MATERIAL
FACT NECESSARY TO MAKE THE STATEMENT MADE NOT MISLEADING IS TRUE TO
THE BEST OF THE SIGNING OFFICER'S KNOWLEDGE, INFORMATION, AND BELIEF. (B) WHEN CALCULATING THE PERCENTAGE OF PAYROLL UNDER SUBSECTION
(A)(1)(II) (A)(1)(III) OF THIS SECTION, AN EMPLOYER MAY EXEMPT: (1)      WAGES PAID TO ANY EMPLOYEE BEYOND THE AMOUNT TAXABLE
FOR FEDERAL SOCIAL SECURITY (FICA) PURPOSES IN EXCESS OF THE MEDIAN
HOUSEHOLD INCOME IN THE STATE AS PUBLISHED BY THE UNITED STATES CENSUS
BUREAU; AND (2)      WAGES PAID TO AN EMPLOYEE WHO IS ENROLLED IN OR ELIGIBLE
FOR MEDICARE. 8.5-104. (A)     AN EMPLOYER THAT IS ORGANIZED AS A NONPROFIT ORGANIZATION
THAT DOES NOT SPEND UP TO 6% OF THE TOTAL WAGES PAID TO EMPLOYEES IN THE
STATE ON HEALTH INSURANCE COSTS SHALL PAY TO THE SECRETARY AN AMOUNT
EQUAL TO THE DIFFERENCE BETWEEN WHAT THE EMPLOYER SPENDS FOR HEALTH
INSURANCE COSTS AND AN AMOUNT EQUAL TO 6% OF THE TOTAL WAGES PAID TO
EMPLOYEES IN THE STATE. (B)     AN EMPLOYER THAT IS NOT ORGANIZED AS A NONPROFIT ORGANIZATION
AND DOES NOT SPEND UP TO 8% OF THE TOTAL WAGES PAID TO EMPLOYEES IN THE
STATE ON HEALTH INSURANCE COSTS SHALL PAY TO THE SECRETARY AN AMOUNT
EQUAL TO THE DIFFERENCE BETWEEN WHAT THE EMPLOYER SPENDS FOR HEALTH
INSURANCE COSTS AND AN AMOUNT EQUAL TO 8% OF THE TOTAL WAGES PAID TO
EMPLOYEES IN THE STATE. - 4 -


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Session Laws, 2006
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