FUND(S):

Medicaid State Share Fund

Sources of Revenue:

Other Fund Medicaid State Share Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


     The stated purpose of this bill is to remove the expiration date for the tax rate on eligible acute care hospitals.
    
     As written, this bill removes the current expiration date of June 30, 2013 for the tax on certain eligible acute care hospitals. According to our interpretation, passage of this bill would provide revenue for the Medicaid State Share Fund of roughly $22.1 million in FY2014 and roughly $29.4 million each year thereafter.
    
     There would be no additional administrative costs to the State Tax Department associated with passage of this bill.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2013
Increase/Decrease
(use"-")
2014
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 22,100,000 29,400,000


Explanation of above estimates (including long-range effect):


     As written, this bill removes the current expiration date of June 30, 2013 for the tax on certain eligible acute care hospitals. According to our interpretation, passage of this bill would provide revenue for the Medicaid State Share Fund of roughly $22.1 million in FY2014 and roughly $29.4 million each year thereafter.
    
     There would be no additional administrative costs to the State Tax Department associated with passage of this bill.
    
    



Memorandum


     Person submitting Fiscal Note: Mark B. Muchow
     Email Address: Roger.D.Cox@wv.gov