NJ S5015

Modifies the uniform gross receipts assessment timeline for ambulatory care facilities, applying the 2.5% rate from July 1, 2025 through the last day of the second quarter of Fiscal Year 2026

Establishes a $2,000,000 maximum cap on annual assessments for ambulatory care facilities effective the first day of the third quarter of Fiscal Year 2026, contingent on federal approval

Requires the Commissioner of Human Services to apply for federal Medicaid State plan amendments or waivers from the Centers for Medicare and Medicaid Services before implementing the new assessment structure

Maintains the existing 2.5% assessment rate without the $2,000,000 cap if federal approval is not obtained, continuing under the previous framework until approvals are received

Takes effect immediately and applies retroactively to the first day of the third quarter of Fiscal Year 2026, with implementation conditioned on federal approval