HF 383

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to health; repealing the insurance premium 
  1.3             tax on health insurance and the premium tax on 
  1.4             nonprofit health plan companies; amending Minnesota 
  1.5             Statutes 2000, section 297I.05, subdivision 1; 
  1.6             repealing Minnesota Statutes 2000, sections 62T.10; 
  1.7             and 297I.05, subdivision 5. 
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  Minnesota Statutes 2000, section 297I.05, 
  1.10  subdivision 1, is amended to read: 
  1.11     Subdivision 1.  [DOMESTIC AND FOREIGN COMPANIES.] Except as 
  1.12  otherwise provided in this section, a tax is imposed on every 
  1.13  domestic and foreign insurance company.  The rate of tax is 
  1.14  equal to two percent of all gross premiums less return premiums 
  1.15  on all direct business received by the insurer or agents of the 
  1.16  insurer in Minnesota, in cash or otherwise, during the year, 
  1.17  except that the tax does not apply to premiums received for 
  1.18  health plans as defined in section 62A.011, subdivision 3, or to 
  1.19  premiums received for coverage described in section 62A.011, 
  1.20  subdivision 3, clauses (6), (7), (9), (10), and (12). 
  1.21     [EFFECTIVE DATE.] This section is effective July 1, 2001, 
  1.22  and applies to tax periods beginning on or after that date. 
  1.23     Sec. 2.  [REPEALER; NONPROFIT HEALTH PLAN COMPANY PREMIUM 
  1.24  TAX.] 
  1.25     Minnesota Statutes 2000, section 62T.10 and 297I.05, 
  1.26  subdivision 5, are repealed. 
  2.1      [EFFECTIVE DATE.] This section is effective July 1, 2001, 
  2.2   and applies to tax periods beginning on or after that date.