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HB 24-1470

signed

Eliminate Premium Tax to Health Insurance Affordability Fund

Plain-English Summary

AI-generated

House 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 ↗

Sponsors

Related Legislation

This bill affects (4)

amends
HB 21-1232(2021A)· signed
Standardized Health Benefit Plan Colorado Option
amends
HB 22-1289(2022A)· signed
Health Benefits For Colorado Children And Pregnant Persons
amends
HB 20B-1012(2020B)· failed
Implementation Of 2020 Legislation
amends
SB 24-207(2024A)· signed
Access to Distributed Generation

Affected by (6)

amends
HB 25-1297(2025A)· signed
Health Insurance Affordability Enterprise Update
amends
HB 25-1309(2025A)· signed
Protect Access to Gender-Affirming Health Care
amends
HB 25-1213(2025A)· signed
Updates to Medicaid
amends
SB 25-270(2025A)· signed
Enterprise Nursing Facility Provider Fees
relates
HB 26-1363(2026A)· signed
Temporarily Reduce General Fund Reserve
repeals
SB 26-178(2026A)· signed
Health Insurance Affordability Measures

Votes

AMEND
2024-05-08 · Senate · pass — Yes: 32 · No: 1 · Other: —
BILL
2024-05-05 · House · pass — Yes: 61 · No: 0 · Other: —