20-1060. Taxes; exemption
A. Except as provided in subsection C of this section, on the tax payment dates
prescribed in section 20-224, each health care services organization shall pay to the
director for deposit, pursuant to sections 35-146 and 35-147, in a form prescribed by the
director a tax for transacting a health care plan in the amount of 2.0 per cent of net
charges received from enrollees.
B. The failure by an organization to pay the tax imposed by this section results in
a civil penalty determined pursuant to section 20-225.
C. Payments received by health care services organizations from the secretary of
health and human services pursuant to a contract issued pursuant to 42 United States Code
section 1395mm(g) are not taxable under this section.
D. A health care services organization may claim a premium tax credit if the
organization qualifies for a credit pursuant to section 20-224.03 or 20-224.04.
|