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CO HB1212
Bill
Status
Failed
4/13/2016
Primary Sponsor
Catherine Roupe
Click for details
AI Summary
- Creates a temporary income tax credit for health care providers serving Colorado Medicaid clients for tax years 2016, 2017, and 2018
- Credit amount equals 50% of the difference between Medicaid and Medicare fee schedules for comparable services, or for services without Medicare equivalents, 50% of the difference between Medicaid fees and Colorado-specific cost-of-care survey amounts
- Eligible taxpayers must submit proof of active Medicaid provider enrollment with their tax return
- Unused tax credits cannot be refunded or carried forward to future tax years if they exceed income tax owed
- The credit provision automatically repeals effective July 1, 2020, and the department must report on credit usage to the legislature before repeal
Legislative Description
Temp Tax Incentive For Unreimbursed Medicaid Fees
Last Action
House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
4/13/2016
Committee Referrals
State, Veterans, and Military Affairs2/4/2016
Full Bill Text
No bill text available