OK SB1135

Premium taxes collected from contracted entities under the Ensuring Access to Medicaid Act must be deposited into the Medicaid Health Improvement Revolving Fund, exempt from standard apportionments beginning with calendar year 2024 and thereafter

Contracted entities participating in Medicaid managed care (as defined in Title 56) are excluded from eligibility for premium tax credits available to insurers who establish or expand regional home offices in Oklahoma

Insurance companies must pay a 2.25% premium tax rate, with employer-owned life insurance policies taxed at 2.25% on the first $100,000 of premiums and 0.1% on premiums exceeding that amount

Updates statutory references and clarifies that HMO payments received from the federal Secretary of Health and Human Services under Medicare Advantage contracts (42 U.S.C. Section 1395mm(g)) are not subject to premium taxes

Declared an emergency measure, taking effect immediately upon passage and approval