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054.00.117-10. Payment of Premium Taxes

AR ADC 054.00.117-10Arkansas Administrative CodeEffective: September 25, 2017

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 117. Provider-Led Organization Licensure Standards
Effective: September 25, 2017
Ark. Admin. Code 054.00.117-10
054.00.117-10. Payment of Premium Taxes
Currentness
Pursuant to Ark. Code Ann. § 26-57-603, a RBPO that is licensed under the Organized Care Act and participates in the Medicaid provider-led organized care system offered by the Arkansas Medicaid Program for enrollable Medicaid beneficiary populations as defined in § 20-77-2703 shall pay to the Treasurer of State through the Commissioner a tax imposed for the privilege of transacting business in this state.
(2) [FN1] The tax shall be computed at a rate of two and one-half percent (2 ½ %) on the total amount of funds received in global payments to a risk-based provider organization participating in the Medicaid provider-led organized care system.
(3) The tax shall be:
(A) Reported at such times and in such form and context as prescribed by the commissioner; and
(B) Paid on a quarterly basis as prescribed by the Commissioner.

Credits

Adopted emergency effective May 22, 2017. Amended Sept. 25, 2017.
[FN1]
So in original.
Current with amendments received through May 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.117-10, AR ADC 054.00.117-10
End of Document