the bill creates a telehealth tax credit for any health insurer or health maintenance organization (HMO) that covers services provided by telehealth. The tax credit may be taken against any corporate income tax or insurance premium tax liability incurred by a health insurer or HMO. The bill authorizes DOR, in addition to its existing audit and investigation authority, additional authority to perform financial and technical audits and investigations to verify eligibility for the telehealth tax credit. Such audits and investigations may include examining the accounts, books, and records of the health insurer or HMO. The bill also directs OIR to provide technical assistance upon request by DOR on any audits or investigations it performs. If DOR discovers that a health insurer or health maintenance organization received a telehealth tax credit for which it was not entitled, DOR is authorized to pursue recovery of the funds in accordance to the law.

The bill authorizes a health insurer or HMO to transfer a telehealth tax credit in whole or in part to another taxpayer by written agreement.