Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas As Engrossed: H3/17/25 H4/2/25
2 95th General Assembly
A Bill
3 Regular Session, 2025 HOUSE BILL 1665
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5 By: Representative Wardlaw
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8 For An Act To Be Entitled
9 AN ACT TO AMEND THE LAW CONCERNING THE INSURANCE
10 PREMIUM TAX; TO REPEAL THE CREDIT ALLOWED AGAINST THE
11 INSURANCE PREMIUM TAX FOR ACCIDENT AND HEALTH
12 COMPREHENSIVE HOSPITAL AND MEDICAL COVERAGE BASED ON
13 THE SALARY AND WAGES OF THE EMPLOYEES OF THE INSURER;
14 AND FOR OTHER PURPOSES.
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17 Subtitle
18 TO REPEAL THE CREDIT ALLOWED AGAINST THE
19 INSURANCE PREMIUM TAX FOR ACCIDENT AND
20 HEALTH COMPREHENSIVE HOSPITAL AND
21 MEDICAL COVERAGE BASED ON THE SALARY AND
22 WAGES OF THE EMPLOYEES OF THE INSURER.
23
24 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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26 SECTION 1. Arkansas Code � 26-57-604(a)(1)(B), concerning the credit
27 allowed against the premium tax based on the salary and wages of the
28 employees of the insurer, is amended to add an additional subdivision to read
29 as follows:
30 (iv) The credit shall not be applied as an offset
31 against the premium tax on collections reported as individual or group
32 comprehensive medical or hospital coverage.
33
34 SECTION 2. Arkansas Code � 26-57-604(a)(2)(A) and (B), concerning the
35 credit allowed against the premium tax based on the salary and wages of the
36 employees of the insurer, are amended to read as follows:
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As Engrossed: H3/17/25 H4/2/25 HB1665
1 (2)(A) The offset shall not reduce the accident and health
2 premium tax due by more than the following amounts:
3 (i) For tax years beginning before January 1, 2021,
4 eighty percent (80%);
5 (ii) For the tax year beginning January 1, 2021,
6 seventy percent (70%);
7 (iii) For the tax year beginning January 1, 2022,
8 sixty percent (60%); and
9 (iv) For tax years beginning on and after January 1,
10 2023, fifty percent (50%).
11 (B) Beginning January 1, 2020, an An authorized accident
12 or health insurer shall not receive a credit under this subsection that
13 exceeds an annual total of eighteen million dollars ($18,000,000).
14
15 SECTION 3. Arkansas Code � 26-57-604(a)(4), concerning the credit
16 allowed against the premium tax based on the salary and wages of the
17 employees of the insurer, is amended to read as follows:
18 (4)(A)(i) Except as provided in subdivision (a)(4)(B) of this
19 section, on or before March 1 of each year, any such authorized life or
20 accident and health insurer, including health maintenance organizations,
21 desiring to qualify under this provision shall furnish the appropriate data
22 and request on forms prescribed by the commissioner.
23 (ii) For purposes of calculating the taxes under ��
24 23-63-102 -- 23-63-104, an insurer qualifying for a credit under this section
25 shall compute the tax due under �� 23-63-102 -- 23-63-104, if any, by using an
26 Arkansas premium tax rate of two and one-half percent (2�%).
27 (B)(i) Subdivision (a)(4)(A) of this section shall only
28 apply for tax years beginning prior to January 1, 2000.
29 (ii) By On or before March 1 of each year, an
30 authorized life or accident and health insurer, including health maintenance
31 organizations, desiring to qualify under this provision shall furnish the
32 appropriate data and request on forms prescribed by the commissioner.
33 (iii)(B) However, for purposes of calculating the
34 taxes under �� 23-63-102 -- 23-63-104, an insurer qualifying for a credit
35 under this section shall compute the tax due under �� 23-63-102 -- 23-63-104,
36 if any, by using an Arkansas premium tax rate of two and one-half percent
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As Engrossed: H3/17/25 H4/2/25 HB1665
1 (2�%) without regard to the credit specified in this section.
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3 04-02-2025 10:38:49 JLL264Every fact on this page links to its source, starting with the official bill record.