Bill
Bill > A01644
NY A01644
NY A01644Imposes a tax on health maintenance organizations and establishes the medical malpractice relief fund.
summary
Introduced
01/11/2021
01/11/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law and the state finance law, in relation to imposing a tax on health maintenance organizations and creating the medical malpractice relief fund
AI Summary
This bill imposes a tax on health maintenance organizations (HMOs) in New York, with the tax rate being between 0.5% and 1% of the reported profits of the HMOs. The revenue collected from this tax will be deposited into a newly established "medical malpractice relief fund," which will be used to provide relief to healthcare practitioners by reducing the increasing costs of medical malpractice insurance. The bill also authorizes the necessary rules and regulations to be implemented by the relevant authorities to ensure the effective implementation of the act.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
enacting clause stricken (on 04/05/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A1644 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01644&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01644 |
Loading...