HB 1228·MD·house
Insurance - Premium Receipts Tax - Exemption for Captive Insurance Procured by Nonprofit Hospitals and Health Care Systems
In CommitteeFiled Feb 11, 2026
Sponsor: Qi
Latest Action
In the House - Hearing 3/10 at 1:00 p.m. (Ways and Means)
Mar 10, 2026
Summary
The bill removes the state premium receipts tax on captive insurance that nonprofit hospitals and health‑care systems legally purchase in Maryland. It also stops the Maryland Insurance Administration from charging any related fees, penalties, or interest for those premiums before the law takes effect. The change aims to reduce costs for nonprofit health providers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HB 1228 changes status, plus AI-powered summaries and stage predictions.
Sign up free