Bill > S4635

This bill revises the existing assessment imposed on nursing homes to align with federal regulations. Currently, nursing homes are required to pay an assessment to the Director of the Division of Taxation, with the total assessment not exceeding 6% of the aggregate annual revenues of all nursing homes. The bill modifies this requirement to allow the assessment to be either 6% or the maximum percentage permissible under federal law, specifically referencing 42 C.F.R. s.433.68(f)(3)(i). The assessment will not include Medicare patient day revenues and will be calculated based on nursing home patient days (excluding Medicare days). The assessment will only be payable after both the provider assessment and distribution plan are approved by the federal government. The bill maintains existing provisions that require nursing homes to submit reports to the director and follow established procedures for collecting and recording the assessment, while ensuring compliance with the State Tax Uniform Procedure Law. The goal appears to be providing flexibility in the assessment rate while maintaining regulatory compliance with federal healthcare funding guidelines.

Budget and Finance

https://www.njleg.state.nj.us/bill-search/2024/S4635