Bill Summary for H 114 (2019-2020)
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Bill: GROSS PREMIUM TAX/PHPS.
Summary date:
Feb 27 2019
Bill Information:
| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO SUBJECT PREPAID HEALTH PLANS LICENSED BY THE DEPARTMENT OF INSURANCE TO THE GROSS PREMIUM TAX.Intro. by Lambeth, Dobson, Howard.
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Bill summary
House committee substitute to the 1st edition makes the following changes. Makes technical changes to GS 105-228.3.
Amends GS 105-228.59(d) to provide that the tax rate applied to gross premiums from capitation payments received by prepaid health plans (was, applied to gross premiums) is 1.9%.
Amends GS 58-6-25 (concerning the insurance regulatory charge) by amending the definition of insurance company as it is used in the statute to include prepaid health plans that pay the gross premiums tax.