Summary:

 Senate Bill 229295 (SB 229295) extends the gross receipts tax deduction for receipts from copayments and deductibles paid to health care practitioners or associations of health care practitioners beyond July 1, 2028. 

Legislation Overview:

 Senate Bill 229295 (SB 229295) extends the gross receipts tax deduction for health care practitioners. 

Extension of Deduction:
Extends the gross receipts tax deduction for receipts from copayments and deductibles paid by insured individuals or enrollees to health care practitioners or associations of health care practitioners. Previously set to expire on July 1, 2028, the deduction is now permanent.

Fiscal Implications 
Extending this deduction will reduce gross receipts tax revenue but aims to alleviate financial burdens on health care practitioners and associations, potentially improving access to care. The Taxation and Revenue Department (TRD) will incur administrative costs for compliance monitoring, reporting, and providing legislative analysis of the deduction’s fiscal implications.
 

Current Law:

 Under current law, the gross receipts tax deduction for copayments and deductibles paid to health care practitioners is set to expire on July 1, 2028. Practitioners are required to comply with reporting and eligibility requirements, but the deduction lacks permanent extension provisions.