14199.123. (Added November 5, 2024, by initiative Proposition 35, Sec. 1.)

(a) It is the intent of the people of the State of California to permanently continue in existence a managed care organization provider tax upon the expiration of the tax imposed by Section 14199.84.

(b) Therefore, upon the expiration of the tax imposed pursuant to Article 7.1 (commencing with Section 14199.80) of Chapter 7, a managed care organization provider tax shall hereby continue to be imposed on and after January 1, 2027, as provided in this article.

(c) The department shall implement and administer the tax as set forth in this article.