VA SB5008 | 2014 | 1st Special Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Referred to Committee on Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Medicare reduction tax credit. Creates a tax credit for hospitals in the Commonwealth who provide free or reduced-cost health care. The amount of the credit is equal to the amount of expenses incurred by the hospital related to the free or reduced-cost care, not to exceed the difference between the amount of Medicare reimbursements received by the hospital before and after changes implemented by the federal Patient Protection and Affordable Care Act. The aggregate number of credits issued in a given year shall not exceed the total reduction of Medicare reimbursements to all hospitals in the Commonwealth. The credit would be available for taxable years 2014, 2015, and 2016.

Tracking Information

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Title

Medicare; reduction tax credit.

Sponsors


History

DateChamberAction
2014-09-18SenateReferred to Committee on Finance
2014-09-18SenatePresented and ordered printed 14200442D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:11(n/a)See Bill Text

Virginia State Sources


Bill Comments

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