For state fiscal years beginning on or after July 1, 2003, a tax is imposed annually against each hospital in the State.__The tax is equal to .74% of net operating revenue for the tax year as identified on the hospital's most recent audited annual financial statement for that tax year.__Delinquent tax payments are subject to Title 22, section 3175-C.

§2893. Return and payment of tax; application of revenues

1.__Return required in state fiscal year 2003-04. For the tax due for state fiscal year 2003-04, a person subject to the tax imposed by this chapter shall submit to the assessor a return on a form prescribed and furnished by the assessor and pay the tax by the 30th day following the effective date of this section.

2.__Return required in state fiscal years beginning on or after July 1, 2004. For tax due for state fiscal years beginning on or after July 1, 2004, a person subject to the tax imposed by this chapter shall submit to the assessor a return on a form prescribed and furnished by the assessor and pay the tax by July 15th of the state fiscal year for which the tax is being imposed.

3. Application of revenues. All revenues received by the assessor under this chapter must be credited to a General Fund suspense account.__No later than the last day of each month, the State Controller shall transfer all revenues received by the assessor during the month under this chapter to the Medical Care - Payments to Providers Other Special Revenue Funds account in the Department of Human Services.

Sec. H-2. Appropriations and allocations. The following appropriations and allocations are made.

HUMAN SERVICES, DEPARTMENT OF

Medical Care - Payments to Providers 0147

Initiative: Allocates funds to increase MaineCare payments to hospitals.

Federal Expenditures Fund 2003-04 2004-05

All Other $9,683,800 $0

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Federal Expenditures Fund Total 9,683,800 0

Other Special Revenue Funds 2003-04 2004-05

All Other 4,316,200 0

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