HB 24-1470

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.)

Votes