BILL ANALYSIS AND FISCAL IMPACT REPORT	Page 1 of  1

DATE:  March 9, 2001	Submitted by: TAXATION AND REVENUE DEPT.
	T. GLENN ELLINGTON, SECRETARY
BILL NUMBER: HTRC Substitute for HB -- 994

SPONSOR: Representative Sandoval

BILL SHORT TITLE: Extend GRT Medicare Deduction to All Practitioners

DESCRIPTION: this extends 1998’s Medicare B gross receipts tax deduction to all heath practitioners, with few exceptions.

EFFECTIVE DATE: not stated – 90 days after adjournment (June 17)

FISCAL IMPACT (Thousands of dollars):  		Note: Parenthesis ( ) indicate a revenue loss:
		Recurring or		
Estimated Impact on Revenues	Nonrecurring	Funds 	
 FY 2002 	FY 2003	FY 2004   	     Impact     t     	             Affected          .             	
(1,500)	(1,700)	(1,800)	Recurring	General Fund	
(1,200)	(1,400)	(1,500)	Recurring	Local Governments	

ADMINISTRATIVE IMPACT: minimal.

TECHNICAL ISSUES: needs a July 1, 2001 effective date.

OTHER IMPACTS AND ISSUES:
	FY 2002	FY 2003	FY 2004	FY 2005	FY 2006	
    General Fund	(1,500)	(1,700)	(1,800)	(200)	(1,900)	
    Local Governments	(1,200)	(1,400)	(1,500)	(1,600)	(1,700)	
        Total	(2,700)	(3,100)	(3,300)	(1,800)	(3,600)