SB623 SABSTRACT FIN
SENATE COMMITTEE ON FINANCE
COUNSEL: Shawn D. Bayliss
SENATE BILL NO. 623
(Similar to HB4518)
BY: Senator Prezioso
Relating to imposition of municipal B & O taxes on health
DATE INTRODUCED: February 20, 1998
CODE REFERENCE: Amend and reenact WV Code § 11-13-3
PROPOSED LAW PRESENTED TO THE COMMITTEE: The purpose of this bill
is to exempt health maintenance organizations (HMO) form B & O
taxes on the gross income it receives from its enrollees, or from
their employers for health care items or services provided by the
HMO. this exemption does not extend to property maintained by an
HMO inthe form of rent or royalties.
FISCAL NOTE: No.
GOVERNMENT AGENCIES AFFECTED: Tax and Revenue.
EFFECTIVE DATE: 90 days
OTHER COMMITTEE REFERENCE AND/OR ACTION: None.