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S.B. 716
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VETOES
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(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.
(2) "NONPROFIT HEALTH MAINTENANCE ORGANIZATION" MEANS A
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.
(3) "PREMIUM TAX EXEMPTION VALUE" MEANS THE AMOUNT OF
PREMIUM TAXES THAT A NONPROFIT HEALTH MAINTENANCE ORGANIZATION
WOULD HAVE BEEN REQUIRED TO PAY IF THE NONPROFIT HEALTH MAINTENANCE
ORGANIZATION WERE NOT EXEMPT FROM TAXATION UNDER § 6-101(B)(7) OF THIS
SUBTITLE.
(B) (1) A NONPROFIT HEALTH MAINTENANCE ORGANIZATION SHALL
TRANSFER FUNDS IN AN AMOUNT EQUAL TO THE PREMIUM TAX EXEMPTION VALUE
OF THE NONPROFIT HEALTH MAINTENANCE ORGANIZATION TO THE MEDICAL
ASSISTANCE PROGRAM ACCOUNT ESTABLISHED UNDER TITLE 19, SUBTITLE 8 OF
THIS ARTICLE TO BE USED TO SUPPORT THE PROVISION OF HEALTH CARE TO
ELIGIBLE INDIVIDUALS.
(2) NOTWITHSTANDING THE ALLOCATION PROVIDED UNDER § 19-803(B)
OF THIS ARTICLE, THE AMOUNT TRANSFERRED TO THE MEDICAL ASSISTANCE
PROGRAM ACCOUNT BY A NONPROFIT HEALTH MAINTENANCE ORGANIZATION
UNDER PARAGRAPH (1) OF THIS SUBSECTION:
- 3820 -
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