New Jersey A3601 revises nursing home assessments to be either six percent or the maximum permissible under federal law.

New Jersey A3601 amends the assessment imposed on nursing homes to be either six percent or the maximum percentage permissible under federal law. The assessment, paid to the Director of the Division of Taxation, is based on annual revenues excluding Medicare patient days. Nursing homes must submit reports to the director to facilitate the assessment. The assessment is not payable until both the provider assessment and the plan for distribution of the proceeds of the fund are approved by the federal government.

New Jersey A3601 revises nursing home assessments to be either six percent or the maximum permissible under federal law.

New Jersey A3601 amends the assessment imposed on nursing homes to be either six percent or the maximum percentage permissible under federal law. The assessment, paid to the Director of the Division of Taxation, is based on annual revenues excluding Medicare patient days. Nursing homes must submit reports to the director to facilitate the assessment. The assessment is not payable until both the provider assessment and the plan for distribution of the proceeds of the fund are approved by the federal government.