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§ 6-103. Tax rate

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 6. Taxes and Fees
Subtitle 1. Taxes (Refs & Annos)
MD Code, Insurance, § 6-103
§ 6-103. Tax rate
Currentness
The tax rate is:
(1) 0% for premiums for annuities; and
(2) 2% for all other premiums, including:
(i) gross receipts received as a result of capitation payments made to a managed care organization, supplemental payments, and bonus payments; and
(ii) subscription charges or other amounts paid to a for-profit health maintenance organization.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2005, c. 280, § 4, eff. July 1, 2005; Acts 2005, c. 444, § 1, eff. July 1, 2005.
Formerly Art. 48A, § 632.
MD Code, Insurance, § 6-103, MD INSURANCE § 6-103
Current through legislation effective through May 9, 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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