BILL · 2025–26 SESSION

HB 2745: Insurance premium taxes

Increasing temporarily insurance premium taxes on insurers to fund health insurance premium assistance.

Summary

  • Increases insurance premium taxes from a rate of 2 percent to 2.75 percent of premiums, premium deposits, and prepayments collected during calendar year 2026.
  • Requires taxes collected in excess of 2 percent of premiums and prepayments be deposited in the state health care affordability account and used as specified.
  • Requires taxes collected in excess of 2 percent of premiums and prepayments be borne solely by the taxpayer and not passed through to enrollees, unless authorized by the Insurance Commissioner.

From the House Bill Analysis 2026 (HB 2745), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 28, 2026
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Lisa Parshley (D-22)
Introduced
February 28, 2026 in the House
Last action
February 28, 2026
Budget
Has a fiscal note

AN ACT Relating to temporarily increasing insurance premium taxes on insurers to fund health insurance premium assistance;

Sponsors

Prime sponsor: Lisa Parshley (D-22)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Finance.

HB 2745 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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