N.H. House Considers Taxing ASCs
After a ruling declared New Hampshire's Medicaid Enhancement Tax — a state tax on hospitals — unconstitutional, the state's House reviewed three amendments to the tax, one of which includes the taxation of ambulatory surgery centers, according to a report from New Hampshire Public Radio.
The proposed amendment, from republican Rep. David Hess, would broaden the tax on hospitals to include ASCs and ambulance services but would lower the tax rate by 10 percent.
The other plans for the amendment include one from Reps. Cindy Rosenwald and Neal Kurk to designate none of the revenue from the tax to be allocated to New Hampshire's general fund, and one from Senate president Chuck Morse to stage a gradual phase-out of the MET.
Originally declared unconstitutional because of disparities in tax rates based on whether a procedure was performed in an inpatient or outpatient setting, the tax brought in $185 million for the state's 2014 budget, according to the report.
More Articles on Transactions & Valuations:
ASCs vs. HOPDs: 4 Unexpected Consequences of Rate Equalization
4 Recent ASC Acquisitions, Mergers & Conversions
7 Recent ASC Announcments, Expansions or Openings
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.