WeVote
Log In

Bill

WeVote Research Nonpartisan
Bill Summary · HB 955

Summary of Bill HB 955: Relating to the General Excise Tax

Purpose and Intent

Bill HB 955 aims to amend the General Excise Tax (GET) framework in order to provide specific exemptions for certain healthcare-related services. The primary focus of this legislation is to alleviate the financial burden on healthcare providers, particularly those involved in Medicaid, Medicare, and TRICARE services, as well as nurse entrepreneurs. By doing so, the bill seeks to enhance access to healthcare services and support the sustainability of healthcare providers in the state.

Key Provisions

  • Exemption from General Excise Tax: The bill proposes to exempt specific healthcare services from the General Excise Tax. This exemption would apply to services rendered under Medicaid, Medicare, and TRICARE programs.
  • Support for Nurse Entrepreneurs: The legislation recognizes the role of nurse entrepreneurs in the healthcare system and aims to provide them with tax relief, thereby encouraging the growth of small healthcare businesses and innovative care solutions.

Affected Parties

  • Healthcare Providers: The bill is expected to benefit a wide range of healthcare providers, including hospitals, clinics, and individual practitioners who serve Medicaid, Medicare, and TRICARE patients.
  • Nurse Entrepreneurs: Registered nurses who operate their own businesses or provide independent healthcare services will also see a direct benefit from the proposed tax exemptions.
  • Patients: By potentially lowering the costs associated with healthcare services, patients utilizing Medicaid, Medicare, and TRICARE may experience improved access to care.

Legislative Timeline

  • Introduced: January 21, 2025
  • First Reading: The bill was introduced and passed its first reading on January 23, 2025.
  • Referral to Committees: Following its first reading, HB 955 was referred to the Health (HLT) and Finance (FIN) committees for further consideration.

Conclusion

Bill HB 955 represents a significant legislative effort to reform the General Excise Tax system in a way that supports healthcare providers and enhances access to essential services for patients. By exempting certain healthcare services from this tax, the bill aims to foster a more sustainable healthcare environment in the state. As it progresses through the legislative process, stakeholders will be closely monitoring its implications for the healthcare sector.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.