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ROBERT L. EHRLICH, JR., Governor
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Ch. 280
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(4) an unauthorized insurer, who is subject to taxation in accordance
with Title 4, Subtitle 2 of this article;
(5) the Maryland Health Insurance Plan established under Title 14,
Subtitle 5, Part I of this article; [or]
(6) the Senior Prescription Drug Program established under Title 14,
Subtitle 5, Part II of this article; OR
(7) A NONPROFIT HEALTH MAINTENANCE ORGANIZATION AUTHORIZED
BY TITLE 19, SUBTITLE 7 OF THE HEALTH - GENERAL ARTICLE THAT IS EXEMPT
FROM TAXATION UNDER § 501(C)(3) OF THE INTERNAL REVENUE CODE.
6-102.
(b) Premiums to be taxed include:
(1) the consideration for a surety contract, guaranty contract, or annuity
contract;
(2) gross receipts received as a result of capitation payments,
supplemental payments, and bonus payments, made to a managed care organization
for provider services to an individual who is enrolled in a managed care organization;
(3) subscription charges or other amounts paid to a FOR-PROFIT health
maintenance organization on a predetermined periodic rate basis by a person other
than a person subject to the tax under this subtitle as compensation for providing
health care services to members;
(4) dividends on life insurance policies that have been applied to buy
additional insurance or to shorten the period during which a premium is payable; and
(5) the part of the gross receipts of a title insurer that is derived from
insurance business or guaranty business.
6-103.
The tax rate is:
(1) 0% for premiums for annuities; and
(2) 2% for all other premiums, including:
(i) gross receipts received as a result of capitation payments made to
a managed care organization, supplemental payments, and bonus payments; and
(ii) subscription charges or other amounts paid to a FOR-PROFIT
health maintenance organization.
6-121.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
- 1433 -
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