Adjusts business enterprise tax returns and appropriates funds to support nursing facility rates.
This bill amends the business enterprise tax returns, setting a new threshold for tax filing at $400,000 in gross business receipts or enterprise value. It adjusts the tax return deadlines based on the type of business filing. The bill also appropriates $2,500,000 for the Department of Health and Human Services to support per-diem nursing facility rates, with the authority to accept matching federal funds. The automatic rate reduction mechanism for the business enterprise tax is modified, with a floor set at 0.25 percent.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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