H-8242

   Amend  the amendment, H-8234, to House File 2739, as follows:
   1.  Page 1, after line 1 by inserting: 
   <___.  Page 2, by striking lines 20 through 30 and inserting: 
   <1.  Commencing with the calendar year beginning January 1, 2026, and for subsequent calendar years, each health maintenance organization transacting business in this state shall be subject to a health care-related tax payable to the director of revenue in an amount equal to ninety-five hundredths of one percent of the applicable percentage of taxable funds.>
   ___.  Page 3, lines 11 and 12, by striking <current rate in effect> and inserting <rate>
   ___.  Page 3, line 18, by striking <current rate in effect> and inserting <rate>
   ___.  Page 6, by striking lines 18 through 23 and inserting: 
   <Sec. ___.  TEMPORARY PROVISIONS FOR THE HEALTH CARE-RELATED TAX AND PREPAYMENTS FOR CALENDAR YEAR 2026.  Notwithstanding section 432B.2, subsection 1, if enacted by this division of this Act, each health care maintenance organization transacting business in this state shall be subject to a health care-related tax payable to the director of revenue in an amount equal to three and one-half percent of the applicable percentage of taxable funds as defined in section 432B.1, if enacted by this division of this Act, for the period in calendar year beginning January 1, 2026, and ending September 30, 2026. The difference between the amount of taxes collected pursuant to this section and the amount of tax that would be collected by imposing the rate under section 432B.2, subsection 1, if enacted by this division of this Act, shall not be subject to prepayment under section 432B.3, subsection 1, if enacted by this division of this Act.>
   ___.  Page 6, lines 24 and 25, by striking <This division of this Act> and inserting <The following>
   ___.  Page 6, line 31, by striking <Act.> and inserting <Act:>
   ___.  Page 6, after line 31 by inserting: 
   <The section of this division of this Act enacting the temporary provisions for the health care-related tax and prepayments for calendar year 2026.
   Sec. ___.  EFFECTIVE DATE.  This division of this Act, being deemed of immediate importance, takes effect upon enactment.>
   ___.  By renumbering as necessary.>

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LUNDGREN of Dubuque