Washington Basic Health Care receipts

From the 2024 DOR Tax Exemption Study

48.14.0201(6)(b) - Washington Basic Health Care receipts Description As provided in RCW 74.09.035, medical care receipts and Basic Health Care premiums are exempt from the insurance premiums tax. Purpose To avoid taxing receipts from state sources. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would not increase revenues because currently, no exemption taxpayers use it. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions The Basic Health Plan is no longer available. The marketplace exchange replaced it. No taxpayers currently use this exemption. We expect no usage during the forecasted period of this study. Data Sources Office of Insurance Commissioner, Insurance data Additional Additional Information Information Category: Business Year Enacted: 1993 Primary Beneficiaries: Healthcare service contractors Taxpayer Count: 0 Program Inconsistency: None evident JLARC Review: Expedited review completed in 2021 2024 Tax Exemptio