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| This bill also alleviates the unusual administrative burden | | imposed on Maine's nursing homes by certain features of the | | recently enacted provider tax, specifically the requirement that | | tax returns be based on the state fiscal year rather than the | | fiscal year used by the facility in keeping its books and | | records and certain rigid requirements with respect to the | | manner in which estimated taxes are to be computed. |
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| | | The bill prescribes reimbursement reforms for nursing homes | | and residential care facilities, respectively. |
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| | | The bill makes a technical correction in the definition of | | "annual net operating revenue." |
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| | | The bill provides for a transition to taxation on the basis | | of facility fiscal year information and returns, instead of | | state fiscal years, after the close of the current state | | fiscal year. |
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| | | The bill introduces reasonable flexibility into the tax | | estimation and reconciliation processes for the provider tax. |
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| | | The bill creates a special revenue account for the proceeds | | of the new provider tax. |
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| | | The Act applies retroactively to July 1, 2002. |
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