House Bill No. 7067 establishes a new emergency certificate of need application process for hospitals undergoing ownership transfer due to bankruptcy. This process requires transacting parties to submit an application to the Commissioner of Health Strategy, who will assess the impact of the transfer on healthcare costs, quality, and access. If the purchaser is a for-profit entity, additional information may be mandated to ensure public interest is maintained. The bill mandates that a final decision on the application must be issued within sixty days of its completion, and this decision is not subject to appeal.

In addition to the healthcare provisions, the bill modifies the property taxation assessment for motor vehicles by repealing previous language and introducing a new depreciation schedule based on the manufacturer's suggested retail price, effective for assessment years starting October 1, 2024. Municipalities can choose to adopt this modified schedule, which allows for specific percentages of the retail price to be applied based on vehicle age. The bill also amends tax exemption laws for disabled veterans, ensuring that only one exemption can be claimed and modifying the proof of disability requirements. Furthermore, it includes provisions for municipalities to adjust their grand lists and budgets in response to the new depreciation schedule, along with an appropriation of $40 million for the Department of Education for the fiscal year ending June 30, 2025. The Governor's line item veto of Section 7, related to the appropriation, is also noted.