5967-S AMS RINE WILS 04

SSB 5967 - S Amd  000568

    BySenator Rinehart

                                                    Adopted 4/1/93

    On page 61, after line 2, strike all material down through line 11 on page 63 and insert the following:

    "NEW SECTION. Sec. 601.  A new section is added to chapter 48.14 RCW to read as follows:

    (1) As used in this section, "taxpayer" means a health maintenance organization, as defined in RCW  48.46.020, a health care service contractor, as defined in RCW 48.44.010, or a certified health plan certified under section 335 of chapter ..... Laws of 1993 (E2SSB 5304).

    (2) Each taxpayer shall pay a tax on or before the first day of March of each year to the state treasurer through the insurance commissioner's office.  The tax shall be equal to the total amount of all premiums and prepayments for health care services received by the taxpayer during the preceding calendar year multiplied by the rate of two percent.

    (3) Taxpayers shall prepay their tax obligations under this section.  The minimum amount of the prepayments shall be percentages of the taxpayer's tax obligation for the preceding calendar year recomputed using the rate in effect for the current year.  For the prepayment of taxes due during the first calendar year, the minimum amount of the prepayments shall be percentages of the taxpayer's tax obligation that would have been due had the tax been in effect during the previous calendar year.  The tax prepayments shall be paid to the state treasurer through the commissioner's office by the due dates and in the following amounts:

    (a) On or before June 15, forty-five percent;

    (b) On or before September 15, twenty-five percent;

    (c) On or before December 15, twenty-five percent.

    (4) For good cause demonstrated in writing, the commissioner may approve an amount smaller than the preceding calendar year's tax obligation as recomputed for calculating the health maintenance organization's prepayment obligations for the current tax year.

    (5) Moneys collected under this section shall be deposited in the general fund.

    (6) A credit is allowed against the tax imposed in this section equal to the amount of any tax paid under section 301 of chapter ..... Laws of 1993 (E2SSB 5304) during the same calendar year.

    "NEW SECTION. Sec. 602.  A new section is added to chapter 82.04 RCW to read as follows:

    This chapter does not apply to any health maintenance organization, health care service contractor, or certified health plan in respect to premiums or prepayments that are taxable under section 601 of this act."

    Renumber the sections consecutively and correct any internal references accordingly.

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