GET bill clears state Senate
The state Senate voted 25-0 to pass Senate Bill 1035, which would exempt medical providers treating Medicare, Medicaid and TRICARE patients from the state’s general excise tax.
Medical services rendered at a nonprofit hospital, infirmary, or sanitarium are already exempt from the GET, but those same services rendered by individual or group practices or clinics are fully taxable.
ADVERTISING
The bill will now cross over to the House for another vote and further review.
An amendment added to the bill would end the measure after two years on Jan. 1, 2026, with the possibility of another bill extending the exemption.
Despite passing a second reading, House Bill 662, the Senate’s companion bill, died after the House Committee on Finance refused to hear the bill.
The first crossover for bills in the Legislature will take place on Thursday.
