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AR HB1037
Bill
Status
12/15/2022
Primary Sponsor
Aaron Pilkington
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AI Summary
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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.
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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.
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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.
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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.
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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