CT SB00096

Exempts health insurance premiums paid by municipalities from the insurance premium tax, effective July 1, 2012.

Domestic insurance companies are no longer required to pay the 1.75% tax on net direct health insurance premiums received from municipalities in Connecticut.

Non-domestic (foreign and out-of-state) insurance companies are similarly exempted from the 1.75% tax on health insurance premiums received from municipalities, effective July 1, 2012.

Modifies Section 12-202a to clarify that health care centers are not taxed on subscriber charges from municipal employee health coverage contracts, in addition to existing exemptions for state, federal, and nonprofit organization coverage.

All provisions take effect July 1, 2012.