Md. Code Ann., Ins. § 6-103
Tax rate
Effective Jul 1, 2005Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2005, c. 280, § 4, eff. July 1, 2005; Acts 2005, c. 444, § 1, eff. July 1, 2005.State of Maryland
- (1) 0% for premiums for annuities; and
(2) 2% for all other premiums, including:
- (i) gross receipts received as a result of capitation payments made to a managed care organization, supplemental payments, and bonus payments; and
- (ii) subscription charges or other amounts paid to a for-profit health maintenance organization.
The tax rate is:
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2005, c. 280, § 4, eff. July 1, 2005; Acts 2005, c. 444, § 1, eff. July 1, 2005.
Formerly Art. 48A, § 632.