House Bill No. 7067 establishes a new emergency certificate of need application process specifically for the transfer of ownership of hospitals that have filed for bankruptcy protection. This process allows involved parties to apply for an emergency certificate of need, which is subject to the discretion of the Commissioner of Health Strategy. The bill outlines the necessary application requirements, including data analysis on the impact of the transfer on healthcare costs, quality, and access. If the purchaser is a for-profit entity, additional information may be required to ensure the hospital's operation serves the public interest. The responsible unit must issue a final decision within sixty days of a complete application, and this decision is not subject to appeal.

In addition to healthcare provisions, the bill modifies the assessment of motor vehicles for property taxation by repealing previous language and inserting a new depreciation schedule based on the manufacturer's suggested retail price, effective for assessment years starting on or after October 1, 2024. This new schedule specifies percentages that decrease over time, starting from eighty-five percent for vehicles up to one year old. The bill also clarifies property tax exemptions for veterans who are permanently and totally disabled, ensuring that these exemptions extend to their surviving spouses or minor children. Furthermore, it introduces amendments to tax assessment and appeal processes for municipalities, allowing for adjustments to grand lists and budgets, and includes a $40 million appropriation from the General Fund to the Department of Education for the fiscal year ending June 30, 2025, although Section 7 related to this funding was vetoed by the Governor.