The change will go into effect on July 1, 2010. Ambulatory facilities in the state currently pay a 2.95 percent gross receipts tax. While the percent of gross receipts taxed will not change, the cap will be increased by 75 percent.
The original version of the budget eliminated the cap, but ASC advocates in the state were able to convince the governor’s office to increase rather than remove the cap, says Mark Manigan, JD, an attorney with the Health Law Practice Group at Brach Eichler in Roseland, N.J.
Contact Lindsey Dunn at lindsey@beckersasc.com.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
