Text: SSB01123 Text: SSB01125 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 509A.16 APPROPRIATION FOR 1 2 ASSESSMENTS LEVIED ON LOCAL GOVERNMENTS. 1 3 There is appropriated from the general fund of the state to 1 4 the Iowa individual health benefit reinsurance association 1 5 established pursuant to section 513C.10 the following amount 1 6 of the assessments due and owing, pursuant to section 513C.10, 1 7 from each political subdivision and school corporation for 1 8 health benefit plans: 1 9 1. For the fiscal year beginning July 1, 2003, twenty 1 10 percent of such assessments. 1 11 2. For the fiscal year beginning July 1, 2004, forty 1 12 percent of such assessments. 1 13 3. For the fiscal year beginning July 1, 2005, sixty 1 14 percent of such assessments. 1 15 4. For the fiscal year beginning July 1, 2006, eighty 1 16 percent of such assessments. 1 17 5. For the fiscal year beginning July 1, 2007, and 1 18 succeeding fiscal years, one hundred percent of such 1 19 assessments. 1 20 Sec. 2. Section 514E.2, subsection 13, Code 2003, is 1 21 amended to read as follows: 1 22 13. A member who, after July 1,19862003, has paid one or 1 23 more assessments levied under this chapter or chapter 513C may 1 24 take a credit against the premium taxes, or similar taxes, 1 25 upon revenues or income of the member that are imposed by the 1 26 state on health insurance premiums pursuant to chapter 432 or 1 27 payments subject to taxation under section 514B.31, up to the 1 28 amount of twenty percent of those taxes due, for each of the 1 29 five calendar years following the year for which an assessment 1 30 was paid, or until the aggregate of those assessments has been 1 31 offset by credits against those taxes if this occurs first. 1 32 If a member ceases doing business, all uncredited assessments 1 33 may be credited against its premium tax liability for the year 1 34 it ceases doing business. 1 35 EXPLANATION 2 1 This bill amends Code section 514E.2 to provide for a 2 2 phased-in, graduated, five-year premium tax offset for the 2 3 individual health reinsurance association assessments paid by 2 4 health insurers and health plans. The bill also adds new Code 2 5 section 509A.16, which establishes a five-year, phased-in, 2 6 graduated general fund appropriation to replace the 2 7 elimination of the individual health reinsurance association 2 8 assessments paid by self-funded government entities and school 2 9 districts. 2 10 LSB 2071SC 80 2 11 jj/cf/24
Text: SSB01123 Text: SSB01125 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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