This bill proposes two significant changes to current law regarding business enterprise tax returns and funding for nursing facilities. Firstly, it raises the threshold for businesses required to file a business enterprise tax return from $250,000 to $375,000 in gross business receipts or enterprise value tax base. This adjustment will take effect on January 1, 2027, and the commissioner of the Department of Revenue Administration is tasked with biennially adjusting these thresholds based on the Consumer Price Index.

Secondly, the bill appropriates $2,500,000 to the Department of Health and Human Services for the fiscal year ending June 30, 2026, aimed at stabilizing nursing home Medicaid per diem rates. The funds will be sourced from excess Medicaid enhancement tax revenues, and if those are insufficient, from state general funds. The department is also authorized to accept matching federal funds without prior approval from the fiscal committee. Overall, the bill seeks to alleviate the tax burden on businesses while providing essential support to nursing facilities.

Statutes affected:
Introduced: 77-E:2
As Amended by the House: 77-E:2
As Amended by the Senate: 77-E:5