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142.303 Tax on gross revenues of providers for hospital services -Exception.
(1)
(2)
A tax is hereby imposed at a rate of two and one-half percent (2.5%) on gross
revenues received by all providers on or after July 15, 1994, for the provision of
hospital services. The tax imposed by this section shall not apply to gross
revenues received for dispensing outpatient prescription drugs subject to tax
under KRS 142.311.
(a) Notwithstanding any other provision of the Kentucky Revised Statutes to
the contrary, beginning in state fiscal year 2008-2009 and continuing
annually thereafter, the tax imposed under subsection (1) of this section
on providers of hospital services who paid taxes in state fiscal year
2005-2006 shall be assessed on gross revenues received by the provider
during state fiscal year 2005-2006. Notwithstanding KRS 142.301 to
142.363, hospital provider taxes due in state fiscal year 2008 and
continuing annually thereafter shall be paid in twelve (12) equal monthly
installments, with each payment due no later than twenty (20) days after
the last day of each calendar month. At least thirty (30) days prior to the
beginning of the state fiscal year, the Department of Revenue shall send
written notice to each provider of hospital services of the provider's total
tax liability for the year, which shall be the amount the provider paid in
taxes in state fiscal year 2005-2006. The provisions of this paragraph also
shall apply if the hospital subsequently undergoes a change in ownership.
(b) If a hospital was not in operation during state fiscal year 2005-2006, the
hospital shall be taxed pursuant to the provisions of subsection (1) of this
section, provided that, upon request of the provider, the Department of
Revenue may adjust the hospital's annual tax liability in accordance with
the gross revenues of a comparable hospital.
Effective:June 26, 2007
History: Amended 2007 Ky. Acts ch. 9, sec. 1, effective June 26, 2007. -- Created
1994 Ky. Acts ch. 512, sec. 97, effective July 15, 1994.
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