The tax is based on a percentage of the state hospitals’ net patient revenue. Adopted in 2010 and renewed in 2013, it allows Georgia to receive about $600 million in matching federal funds.
The tax, which is set to expire June 30, is anticipated to yield more than $300 million from hospitals each year, according to the report. The extension would sustain the tax through 2020.
The proposed extension will next be put to a vote in the state House.
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