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| SPONSOR: | Sandoval | DATE TYPED: | 02/15/01 | HB | 580 | ||
| SHORT TITLE: | Gross Receipts Tax Deduction for Podiatrists | SB | |||||
| ANALYST: | Eaton | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY01 | FY02 | |||
| $ (74.0) | $ (81.0) | Recurring | General Fund | |
| $ (53.0) | $ (58.0) | Recurring | Local Govt. | |
(Parenthesis ( ) Indicate Revenue Decreases)
Duplicates Senate Bill 195
SOURCES OF INFORMATION
Taxation and Revenue Department (TRD)
State Agency on Aging
SUMMARY
Synopsis of Bill
The bill extends 1998's Medicare B deduction for doctors and osteopaths and 2000's expansion to Medicare B receipts of hospices to podiatrists.
Significant Issues
1997 Census of Healthcare Industries reports 45 podiatrists establishments with 162 employees and $10,968,000 in sales.
FISCAL IMPLICATIONS
The estimated full year impact on the general fund is an estimated $81.0. Local government revenues are estimated to be lower by $58.0.
The Taxation and Revenue Department (TRD) estimate assumes 17.8% of podiatrist's receipts are derived from Medicare, and reports the actual percentage might be higher.
ADMINISTRATIVE IMPLICATIONS
Minimal.
JBE/njw:ar