Troy, Michigan (PRWEB) June 20, 2013 -- The bill moved along to Governor Snyder for his approval after a 65 to 44 vote in the House on May 22, 2013, and on June 12th, 2013, Governor Snyder signed the bill into law. The passing of this bill means the 1 percent tax on all health claims created to support the Medicaid budget in 2011 will extend through 2017. The bill is effective immediately and will continue through 2017.
Click here to read more about the extension of HICA.
Cornerstone Municipal has extensive experience advising clients on all aspects of state and federal laws that impact healthcare. If you have any questions regarding the HICA Tax, please contact Chelsea Cummings at ccummings(at)cmuni(dot)us or 248-878-2117. Please visit our website at CornerstoneMunicipal.com to learn more about how our services can help you navigate the HICA Tax and its impact on your organization.
Christine Kloka, Cornerstonemunicipal.com, http://cornerstonemunicipal.com/, 1-248-878-2110, [email protected]
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