CT HB07058

Repeals and replaces Section 12-263b of the general statutes, effective January 1, 2017, to phase out the hospital tax on net patient revenue over a five-year period.

Imposes a quarterly tax on net patient revenue of Connecticut hospitals through December 31, 2020, with rates up to the maximum allowed under federal law.

Reduces hospital tax obligations by 80% in calendar year 2017, 60% in 2018, 40% in 2019, and 20% in 2020, with no tax imposed after January 1, 2021.

Requires hospitals to file quarterly tax returns by January, April, July, and October of each year until February 1, 2021, and to make payments electronically to the Commissioner of Revenue Services.

Allows the Commissioner of Social Services to exempt hospitals from the outpatient services tax portion based on financial hardship.