State Codes and Statutes
Statutes > Vermont > Title-33 > Chapter-19 > 1955a
§ 1955a. Home health agency assessment
(a) Beginning July 1, 2009, each home health agency's assessment shall be 17.69 percent of its net operating revenues from core home health care services, excluding revenues for services provided under Title XVIII of the federal Social Security Act. The amount of the tax shall be determined by the director based on the home health agency's most recent audited financial statements at the time of submission, a copy of which shall be provided on or before December 1 of each year to the office. For providers who begin operations as a home health agency after January 1, 2005, the tax shall be assessed as follows:
(1) Until such time as the home health agency submits audited financial statements for its first full year of operation as a home health agency, the director, in consultation with the home health agency, shall annually estimate the amount of tax payable and shall prescribe a schedule for interim payments.
(2) At such time as the full-year audited financial statement is filed, the final assessment shall be determined, and the home health agency shall pay any underpayment or the office shall refund any overpayment. The assessment for the state fiscal year in which a provider commences operations as a home health agency shall be prorated for the proportion of the state fiscal year in which the new home health agency was in operation.
(b) Each home health agency shall be notified in writing by the office of the assessment made pursuant to this section. If no home health agency submits a request for reconsideration under section 1958 of this title, the assessment shall be considered final.
(c) Each home health agency shall submit its assessment to the office according to a payment schedule adopted by the director. Variations in payment schedules shall be permitted as deemed necessary by the director.
(d) Any home health agency that fails to make a payment to the office on or before the specified schedule, or under any schedule for delayed payments established by the director, shall be assessed not more than $1,000.00. The director may waive this late payment assessment provided for in this subsection for good cause shown by the home health agency. (Added 1999, No. 49, § 203; amended 2001, No. 65, § 15; 2003, No. 66, § 309; 2005, No. 71, § 288; 2009, No. 47, § 15.)
