Download HF2315

MINNESOTACARE TAXES
Tax Rate Increase
April 15, 2009
Yes
DOR Administrative
Costs/Savings
No
X
Department of Revenue
Analysis of H.F. 2315 (Huntley), As Proposed to be Amended
F.Y. 2010
Health Care Access Fund
$303,000
Fund Impact
F.Y. 2011
F.Y. 2012
(000’s)
$244,000
$259,400
F.Y. 2013
$277,200
Effective beginning with tax year 2009.
EXPLANATION OF THE BILL
The bill, as proposed to be amended, would increase the MinnesotaCare tax rate for providers,
hospitals, surgical centers, and wholesale drug distributors from 2% to 3%.
REVENUE ANALYSIS DETAIL
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This estimate is based on the February 2009 forecast.
The impact for all of tax year 2009 is included in the estimate for FY 2010.
The estimate takes into account the impact of the rate change on MinnesotaCare tax refunds.
Source: Minnesota Department of Revenue
Tax Research Division
http://www.taxes.state.mn.us/taxes/legal_policy
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