Date Requested:February 14, 2013
Time Requested:03:44 PM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
2013R2080 Introduced HB2462
CBD Subject: HOSPITAL PROVIDER TAX EXTENSION
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
Over-all effect
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
3. 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