Section 19-727 - Applicability of tax laws.
§ 19-727. Applicability of tax laws.
(a) In general.- Except as provided in subsection (b) of this section, a health maintenance organization is not exempted from any State, county, or local taxes solely because of this subtitle.
(b) Exceptions.-
(1) A nonprofit health maintenance organization that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code is not subject to the insurance premium tax under Title 6, Subtitle 1 of the Insurance Article.
(2) Premiums received by an insurer under policies that provide health maintenance organization benefits are not subject to the premium tax imposed under Title 6, Subtitle 1 of the Insurance Article to the extent:
(i) Of the amounts actually paid by the insurer to a nonprofit health maintenance organization that operates only as a health maintenance organization; or
(ii) The premiums have been paid by that nonprofit health maintenance organization.
[An. Code 1957, art. 43, § 856; 1982, ch. 21, § 2; 1988, ch. 110, § 1; 1997, ch. 70, § 4; 2004 Sp. Sess., ch. 5, § 1; 2005, ch. 280, § 2; ch. 444, § 1.]