5-7-112. Payment threshold -- inflation adjustment.
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5-7-112 . Payment threshold -- inflation adjustment. For calendar year 2025, the payment threshold referred to in 5-7-102 (12)(b)(iii), 5-7-103 , and 5-7-208 is $3,000. The commissioner shall adjust the threshold amount each even-numbered year by multiplying the threshold amount valid for the even year by an inflation factor. The inflation factor is determined by dividing the consumer price index for June of the even-numbered year by the consumer price index for June of the prior year. The resulting figure must be rounded up or down to the nearest $50 increment. The commissioner shall adopt the adjusted amount by rule, effective on January 1 of the following odd year.