135.120 - TAXATION OF ORGANIZED DELIVERY SYSTEMS.
135.120 TAXATION OF ORGANIZED DELIVERY SYSTEMS.
Payments received by an organized delivery system licensed by the
director for health care services, insurance, indemnity, or other
benefits to which an enrollee is entitled through an organized
delivery system authorized under 1993 Iowa Acts, ch. 158, and
payments by an organized delivery system licensed by the director to
providers for health care services, to insurers, or corporations
authorized under chapter 514 for insurance, indemnity, or other
service benefits authorized under 1993 Iowa Acts, ch. 158, are not
premiums received and taxable under the provisions of section 432.1
for the first five years of the existence of the organized delivery
system, its successors or assigns, or the first five years after July
1, 1996, whichever is the later. After the first five years, the
payments received shall be considered premiums received and shall be
taxable under the provisions of section 432.1, subsection 1.
However, payments made by the United States secretary of health and
human services under contracts issued under section 1833 or 1876 of
the federal Social Security Act, section 4015 of the federal Omnibus
Budget Reconciliation Act of 1987, or chapter 249A for enrolled
members shall not be considered premiums received and shall not be
taxable under section 432.1. Section History: Recent Form
96 Acts, ch 1146, §1; 2002 Acts, ch 1158, §1