The law, signed by Gov. Ned Lamont May 9, according to WTNH, will remove both a gross receipt and net revenue tax.
Under current law, ASCs are taxed 6 percent each quarter. The original tax was slated to transition from a gross receipts tax to a tax of 3 percent on net revenue on July 1, 2023.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
