HB 24-1470
signedEliminate Premium Tax to Health Insurance Affordability Fund
Plain-English Summary
AI-generatedHouse Bill 24-1470, which has been approved and signed into law by the governor, stops the state from using a portion of health insurance premium taxes to fund programs that make health insurance more affordable. This change affects how these tax dollars are used starting in July 2023. Now that it is effective, no new money will be directed to the health insurance affordability fund from this source moving forward.
Official Summary
Starting in the 2023-24 state fiscal year, the act discontinues the allocation of a portion of premium tax revenues to the health insurance affordability cash fund.
APPROVED by Governor June 7, 2024
EFFECTIVE June 7, 2024(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2024-06-07
- Latest action
- 2024-05-01
- Last action desc.
- Introduced In House - Assigned to Appropriations
- OpenStates
- View source ↗
Related Legislation
This bill affects (17)
amendsHB 22-1289(2022A)· signedHealth Benefits For Colorado Children And Pregnant Persons
amendsSB 24-207(2024A)· signedAccess to Distributed Generation
repealsHB 23-1121(2023A)· signedRepeal Of Infrequently Used Tax Expenditures
repealsHB 23-1288(2023A)· signedFair Access To Insurance Requirements Plan
repealsSB 17-168(2017A)· signedSupplemental Appropriations Department of Public Safety
repealsHB 23-1227(2023A)· signedEnforce Laws Against Pharmacy Benefit Managers
repealsHB 24-1119(2024A)· signedMulti-State Tax Filing System for Insurance Taxes
repealsHB 24-1060(2024A)· signedTravel Insurance Consumer Protections
repealsHB 24-1453(2024A)· signedRelocate Title 24 CLIMBER Act
repealsHB 23-1111(2023A)· signedUnauthorized Insurance Premium Tax Rate
repealsHB 24-1434(2024A)· signedExpand Affordable Housing Tax Credit
repealsHB 17-1278(2017A)· failedInsurance Premium Tax Deposit To Local Firefighter Fund
repealsHB 24-1352(2024A)· signedAppliance Requirements & Incentives
repealsSB 24-126(2024A)· signedConservation Easement Income Tax Credit
repealsSB 22-051(2022A)· signedPolicies To Reduce Emissions From Built Environment
repealsHB 18-1165(2018A)· signedSupplemental Appropriation - Department Of Public Safety
repealsHB 24-1316(2024A)· signedMiddle-Income Housing Tax Credit
Affected by (12)
amendsHB 25-1309(2025A)· signedProtect Access to Gender-Affirming Health Care
amendsSB 25-270(2025A)· signedEnterprise Nursing Facility Provider Fees
amendsHB 25-1297(2025A)· signedHealth Insurance Affordability Enterprise Update
relatesHB 26-1363(2026A)· signedTemporarily Reduce General Fund Reserve
relatesHB 25-1302(2025A)· signedIncrease Access Homeowner's Insurance Enterprises
relatesHB 25-1296(2025A)· signedTax Expenditure Adjustment
relatesHB 25-1303(2025A)· signedFunding for Motor Vehicle Collision Prevention
relatesHB 26-1065(2026A)· signedTransit and Housing Investment Zones
relatesSB 26-178(2026A)· signedHealth Insurance Affordability Measures
repealsSB 26-178(2026A)· signedHealth Insurance Affordability Measures
repealsHB 25-1268(2025A)· signedUtility On-Bill Repayment Program Financing
Votes
AMEND
2024-05-08 · Senate · pass — Yes: 32 · No: 1 · Other: —
BILL
2024-05-05 · House · pass — Yes: 61 · No: 0 · Other: —