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§ 19-727. Tax liability

West's Annotated Code of MarylandHealth--General

West's Annotated Code of Maryland
Health--General
Title 19. Health Care Facilities (Refs & Annos)
Subtitle 7. Health Maintenance Organizations (Refs & Annos)
MD Code, Health - General, § 19-727
§ 19-727. Tax liability
Currentness
In general
(a) Except as provided in subsection (b) of this section, a health maintenance organization is not exempted from any State, county, or local taxes solely because of this subtitle.
Insurance premium tax
(b)(1) A nonprofit health maintenance organization that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code is not subject to the insurance premium tax under Title 6, Subtitle 1 of the Insurance Article.
(2) Premiums received by an insurer under policies that provide health maintenance organization benefits are not subject to the premium tax imposed under Title 6, Subtitle 1 of the Insurance Article to the extent:
(i) Of the amounts actually paid by the insurer to a nonprofit health maintenance organization that operates only as a health maintenance organization; or
(ii) The premiums have been paid by that nonprofit health maintenance organization.

Credits

Added by Acts 1982, c. 21, § 2, eff. July 1, 1982. Amended by Acts 1988, c. 110, § 1, eff. Jan. 1, 1989; Acts 1997, c. 70, § 4, eff. Oct. 1, 1997; Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2005, c. 280, § 2, eff. July 1, 2005; Acts 2005, c. 444, § 1, eff. July 1, 2005.
Formerly Art. 43, § 856.
MD Code, Health - General, § 19-727, MD HEALTH GEN § 19-727
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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