1.1    .................... moves to amend H.F. No. 464, the first engrossment, as follows:
1.2Page 4, line after line 19, insert:
1.3    "Subd. 9. Actuarial study; MCHA and tax effects. (a) The board shall have
1.4a study prepared by a qualified actuary that estimates for the first two fiscal years of
1.5operation of the pool:
1.6    (1) the rate of assessment for losses of the comprehensive health insurance plan
1.7under section 62E.11, subdivision 5, to be paid by the pool that would provide amounts
1.8equal to the assessments that would have been paid by providers of coverage to eligible
1.9employers if the pool had not been established; and
1.10    (2) the rate of tax under section 297I.05, subdivision 5, paragraph (b), that would
1.11provide amounts equal to the premiums tax that would have been paid by providers of
1.12coverage to eligible employers if the pool had not been established. This estimate must
1.13include the separate amounts of the tax that would have been paid under (i) section
1.14297I.05, subdivisions 1 to 4, and (ii) section 297I.05, subdivision 5.
1.15    (b) The board shall provide the study to the commissioners of commerce and
1.16revenue by January 1, 2009.
1.17    (c) After review of the study and after making any necessary modifications or
1.18adjustments, the commissioner of commerce shall certify the rate under section 62E.11,
1.19subdivision 5, paragraph (b), clause (2), and shall notify the board and the association of
1.20the rate by March 1, 2009. The rate certified applies until modified by legislation enacted
1.21into law.
1.22    (d) After review of the study and after making any necessary modifications or
1.23adjustments, the commissioner of revenue shall certify the rate of tax under section
1.24297I.05, subdivision 5, paragraph (b), by March 1, 2009. The rate certified applies until
1.25modified by legislation enacted into law."
1.26Page 5, line 30, delete ".3885" and insert "the rate certified by the commissioner
1.27under section 62A.662, subdivision 9, paragraph (c)"
2.1Page 6, line 9, after "62A.622" insert ", to the extent the board receives amounts for
2.2coverage not otherwise subject to tax under this section"
2.3Page 6, line 9, delete ".36 percent of" and insert "the percentage rate certified by the
2.4commissioner under section 62E.11, subdivision 5, paragraph (d), multiplied by the"
2.5Page 6, lines 13 and 14, reinstate the stricken language and delete the new language
2.6Page 6, after line 17, insert:
2.7    "(d) By March 1, 2009, based on the study prepared under section 62A.662,
2.8subdivision 9, paragraph (a), the commissioner shall certify the percentage of all revenues,
2.9including penalties and interest, collected under this chapter from the Minnesota School
2.10Employee Insurance Board, that are to be deposited in the general fund and the health
2.11care access fund. The commissioner shall deposit the revenues and pay refunds of
2.12overpayments of tax imposed on the Minnesota School Employees Insurance Board based
2.13on the certified percentage. Amounts are appropriated from the respective funds to the
2.14commissioner to make any refunds of tax imposed under paragraph (b)."