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AZ HB2632
Bill
Status
Introduced
2/1/2021
Primary Sponsor
Amish Shah
Click for details
AI Summary
- Allows insurers to claim a credit against state premium tax liability for costs incurred through voluntary insulin assistance programs.
- Voluntary insulin assistance program is defined as a program that reduces an insured's total cost sharing (copayments, deductibles, coinsurance) for covered insulin prescription drugs to a maximum of $100 per month.
- Insurers claiming the tax credit are exempt from paying additional retaliatory taxes under Section 20-230.
- The Departments of Insurance and Financial Institutions and Revenue shall adopt rules and procedures for administering the credit.
- Credit applies to premium tax liability incurred by insurers under sections 20-224, 20-837, 20-1010, 20-1060, and 20-1097.07.
Legislative Description
Premium tax credit; insulin assistance
Assistance
Last Action
House read second time
2/2/2021
Committee Referrals
Rules2/2/2021
Ways and Means2/1/2021
Full Bill Text
No bill text available