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AR HB1037

Bill

Status

Introduced

12/15/2022

Primary Sponsor

Aaron Pilkington

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Establishes the "Right to Start Pilot Program for Healthcare Portability" to be developed and administered by the Insurance Commissioner to encourage entrepreneurs by providing health insurance portability and tax support for small business formation in Arkansas.

  • Defines "entrepreneur" as an individual starting a small business who meets eligibility criteria established by the commissioner; entrepreneurs may apply for available health insurance benefits and tax support before obtaining insurance for their new business.

  • Limits assistance under the program to the first three years of small business formation, with health insurance benefits and tax support provided in a manner determined by the commissioner.

  • Requires entrepreneurs participating in the program to file annual reports including business status, number of employees, insurance claims filed, and economic impact of tax support received.

  • Directs the Insurance Commissioner to promulgate rules necessary to implement the program by January 1, 2024, and requires the Secretary of State to provide notice of the program to entrepreneurs filing for small business formation.

Legislative Description

To Establish The Right To Start Pilot Program For Healthcare Portability.

Last Action

Recommended for study in the Interim by Joint Interim Committee on INSURANCE & COMMERCE- HOUSE

3/28/2023

Committee Referrals

Insurance and Commerce1/9/2023

Full Bill Text

No bill text available