Iowa SF2464 modifies taxes on health maintenance organizations by striking the tax on premiums and imposing a new health care-related tax on taxable.

Iowa SF2464 introduces significant changes to the taxation of health maintenance organizations (HMOs). It eliminates the existing tax on HMO premiums and replaces it with a new health care-related tax on the taxable funds of HMOs. The taxable funds include payments received by HMOs for health care services, insurance, indemnity, or other benefits, and payments made by HMOs to providers for health care services, to insurers, or to corporations authorized for insurance, indemnity, or other authorized service benefits.

Iowa SF2464 modifies taxes on health maintenance organizations by striking the tax on premiums and imposing a new health care-related tax on taxable.

Iowa SF2464 introduces significant changes to the taxation of health maintenance organizations (HMOs). It eliminates the existing tax on HMO premiums and replaces it with a new health care-related tax on the taxable funds of HMOs. The taxable funds include payments received by HMOs for health care services, insurance, indemnity, or other benefits, and payments made by HMOs to providers for health care services, to insurers, or to corporations authorized for insurance, indemnity, or other authorized service benefits.