This bill amends the existing law regarding the uniform gross receipts assessment for ambulatory care facilities in New Jersey. It establishes that the assessment will be effective from July 1, 2025, through the last day of the second quarter of Fiscal Year 2026, rather than starting in Fiscal Year 2026 as previously stated. The assessment rate is set at 2.5 percent for each facility, with a cap of $2,000,000 on the annual assessment amount. Additionally, if federal approval for necessary Medicaid State plan amendments or waivers is not granted, the assessment will revert to the previous provisions until such approvals are received.

The bill also includes new language that requires the Commissioner of Human Services to apply for federal approval before implementing the assessment as outlined. It specifies that facilities must pay their annual assessments in four installments, following a schedule determined by the commissioner. The changes aim to clarify the assessment process and ensure compliance with federal regulations while providing a structured financial framework for ambulatory care facilities.

Statutes affected:
Introduced: 26:2H-18.57