Connecticut 2016 Regular Session

Connecticut House Bill HB05103

Introduced
2/9/16  

Caption

An Act Phasing Out The Hospital Tax.

Impact

The phasing out of the hospital tax will likely have significant implications for state finances and the healthcare industry. Supporters suggest that this tax reduction could result in lower overall healthcare costs for consumers, promoting both local economies and healthcare employment. However, there are concerns regarding how the loss of this tax revenue might affect state budget allocations for healthcare-related programs and services. Some legislative discussions have also indicated that this could lead to increased financial pressures on hospitals in areas where they rely heavily on the tax for funding.

Summary

House Bill 5103 proposes to phase out the hospital tax in Connecticut over a five-year period beginning July 1, 2016. The aim of this legislation is to reduce healthcare costs, improve access to services, and retain jobs within the healthcare sector. By lessening the financial burden on hospitals, the bill seeks to create a more favorable environment for healthcare delivery in the state, which proponents argue will lead to increased healthcare accessibility for residents.

Contention

While there is support for the phasing out of the hospital tax, discussions indicate potential contentions around budget constraints and the sustainability of public healthcare funding without this revenue. Opponents might argue that, while reducing taxes could benefit hospitals in the short term, it may lead to longer-term challenges in maintaining essential healthcare services and support provided through state funding. The debate highlights a conflict between the immediate financial relief for healthcare providers and the broader implications for public health financing.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05036

An Act Exempting Hospital Beds For Home Health Care Use From The Sales And Use Taxes.

CT HB05099

An Act Concerning The Film Production And Digital Animation Production Tax Credits.

CT SB00114

An Act Concerning Funding For Day Kimball Hospital In Putnam.

CT SB00450

An Act Phasing In The Exemption Of Motor Vehicles From Property Tax And Increases In The Uniform Property Assessment Rate.

CT HB05103

An Act Exempting Certain Goods Purchased By In-state Businesses From The Sales Tax.

CT SB00009

An Act Promoting Hospital Financial Stability.

CT HB05117

An Act Concerning The Estate And Gift Taxes And The Use Of The Revenue Generated From Such Taxes.

CT HB05320

An Act Concerning Hospital Financial Assistance.

CT HB05041

An Act Exempting Certain Articles Of Children's Clothing From The Sales And Use Taxes.

CT HB05147

An Act Restructuring Certain Taxes.

Similar Bills

No similar bills found.