Iowa HSB762 modifies taxes on health maintenance organizations, transfers funds from the taxpayer relief fund, and makes supplemental appropriations.

Iowa HSB762 modifies the tax structure for health maintenance organizations (HMOs) by eliminating the tax on HMO premiums and introducing a new health care-related tax on HMO taxable funds. This tax applies to payments received by HMOs for health care services and payments made by HMOs to providers, insurers, or authorized corporations. The bill also transfers funds from the taxpayer relief fund to the general fund of the state, based on the reduction in state revenue associated with 2025 federal tax law changes.

Iowa HSB762 modifies taxes on health maintenance organizations, transfers funds from the taxpayer relief fund, and makes supplemental appropriations.

Iowa HSB762 modifies the tax structure for health maintenance organizations (HMOs) by eliminating the tax on HMO premiums and introducing a new health care-related tax on HMO taxable funds. This tax applies to payments received by HMOs for health care services and payments made by HMOs to providers, insurers, or authorized corporations. The bill also transfers funds from the taxpayer relief fund to the general fund of the state, based on the reduction in state revenue associated with 2025 federal tax law changes.