The tax break was originally designed to encourage insurers to maintain a substantial workforce presence in Colorado. According to the legislative declaration, and based on evaluations by the Office of the State Auditor, the General Assembly finds that, even after criteria were amended in House Bill 21-1312, insurance companies continued to qualify for the reduced rate despite not maintaining or increasing their overall employment in the state. The benefit from the rate reduction may increase even if companies do not increase employment, since the tax benefit is based on premiums collected—and premiums are rising nationwide.