SB125 • 2025

Phases in an exemption from commercial activity subject to corporate activity tax reimbursements for certain health care services, including care provided to medical assistance recipients and to Medicare recipients.

Healthcare Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-06-12 Senate
Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)
2025-06-12 Senate
Referred to Tax Expenditures by order of the President.
2025-06-09 Senate
Work Session held.
2025-05-28 Senate
Public Hearing held.
2025-02-24 Senate
Public Hearing held.
2025-01-17 Senate
Referred to Finance and Revenue.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act makes payments received for health care services not taxed by the corporate activity tax. (Flesch Readability Score: 63.6).
[<i>Exempts</i>] <b>Phases in an exemption</b> from commercial activity subject to corporate activity tax reimbursements for certain health care services, including care provided to medical assistance recipients and to Medicare recipients. Exempts receipts from medications administered or dispensed in a clinical setting other than a hospital.
Applies to tax years beginning on or after January 1, 2026[<i>, and before January 1, 2032</i>].
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to exemption of health care receipts from corporate activity tax; prescribing an effective date.
Current location: In Senate Committee