Sec. 12-263b. Tax on gross earnings. Rate. Tax not applicable after April 1, 2000.
Sec. 12-263b. Tax on gross earnings. Rate. Tax not applicable after April 1,
2000. There is hereby imposed on the hospital gross earnings of each hospital in this
state a tax (1) at the rate of eleven per cent of its hospital gross earnings in each taxable
quarter for taxable quarters commencing prior to October 1, 1996; (2) at the rate of nine
and one-fourth per cent of its hospital gross earnings in each taxable quarter commencing
on or after October 1, 1996, and prior to October 1, 1997; (3) at the rate of eight and
one-fourth per cent of its hospital gross earnings in each taxable quarter commencing
on or after October 1, 1997, and prior to October 1, 1998; (4) at the rate of seven and
one-fourth per cent of its hospital gross earnings in each taxable quarter commencing
on or after October 1, 1998, and prior to October 1, 1999; and (5) at the rate of four and
one-half per cent of its hospital gross earnings in each taxable quarter commencing on
or after October 1, 1999, and prior to April 1, 2000. The hospital gross earnings of each
hospital in this state shall not be subject to the provisions of this chapter with respect
to calendar quarters commencing on or after April 1, 2000. Each hospital shall, on
or before the last day of January, April, July and October of each year, render to the
Commissioner of Revenue Services a return, on forms prescribed or furnished by the
Commissioner of Revenue Services and signed by one of its principal officers, stating
specifically the name and location of such hospital, and the amounts of its hospital gross
earnings, its net revenue and its gross revenue for the calendar quarter ending the last
day of the preceding month. Payment shall be made with such return.
(P.A. 94-9, S. 22, 41; P.A. 96-144, S. 2, 5; P.A. 98-244, S. 12, 35; P.A. 99-173, S. 32, 65; P.A. 00-170, S. 9, 42.)
History: P.A. 94-9 effective April 1, 1994; P.A. 96-144 reduced tax from 11% to 9.25% on October 1, 1996, to 8.25%
on October 1, 1997, to 7.25% on October 1, 1998, and to 6.25% on and after October 1, 1999, effective May 29, 1996;
P.A. 98-244 eliminated notarization requirement, effective June 8, 1998, and applicable to calendar quarters commencing
on or after October 1, 1998; P.A. 99-173 reduced rate from 6.25% to 4.5% in Subdiv. (5), effective June 23, 1999, and
applicable to calendar quarters commencing on or after October 1, 1999; P.A. 00-170 discontinued to the tax for calendar
quarters commencing on or after April 1, 2000, effective May 26, 2000.