Health care claims tax [Effective until July 1, 2026; see also 32 V.S.A. § 10402 effective July 1, 2026 set out below]

(a) There is imposed on every health insurer an annual tax in an amount equal to 0.999
of one percent of all health insurance claims paid by the health insurer for its Vermont
members in the previous fiscal year ending June 30. The annual fee shall be paid to
the Commissioner of Taxes in one installment due by January 1.
(b) Revenues paid and collected under this chapter shall be deposited as follows:
(1) 0.199 of one percent of all health insurance claims into the Health IT-Fund established
in section 10301 of this title; and
(2) 0.8 of one percent of all health insurance claims into the General Fund.
(c) The annual cost to obtain Vermont Healthcare Claims Uniform Reporting and Evaluation
System (VHCURES) data, pursuant to 18 V.S.A. § 9410, for use by the Department of Taxes shall be paid from the Vermont Health IT-Fund
and the General Fund in the same proportion as revenues are deposited into those Funds.
(d) It is the intent of the General Assembly that all health insurers shall contribute
equitably through the tax imposed in subsection (a) of this section. In the event
that the tax is found not to be enforceable as applied to third-party administrators
or other entities, the tax owed by all other health insurers shall remain at the existing
level and the General Assembly shall consider alternative funding mechanisms that
would be enforceable as to all health insurers. (