{"data":{"id":"us-ky/krs-142.303","jurisdiction":"us-ky","citation":"KRS 142.303","heading":"Tax on gross revenues of providers for hospital services -- Exception.","body":"(1) A tax is hereby imposed at a rate of two and one -half percent (2.5%) on gross\nrevenues received by all providers on or after July 15, 1994, for the provision of\nhospital services. The tax imposed by this section shall not apply to gross revenues\nreceived f or dispensing outpatient prescription drugs subject to tax under KRS\n142.311.\n(2) (a) Notwithstanding any other provision of the Kentucky Revised Statutes to the\ncontrary, beginning in state fiscal year 2008 -2009 and continuing annually\nthereafter, the tax imposed under subsection (1) of this section on providers of\nhospital services who paid taxes in state fiscal year 2005 -2006 shall be\nassessed on gross revenues received by the provider during state fiscal year\n2005-2006. Notwithstanding KRS 142.301 to 142.363, hospital provider taxes\ndue in state fiscal year 2008 and continuing annually thereafter shall be paid in\ntwelve (12) equal monthly installments, with each payment due no later than\ntwenty (20) days after the last day of each calendar month. At leas t thirty (30)\ndays prior to the beginning of the state fiscal year, the Department of Revenue\nshall send written notice to each provider of hospital services of the provider's\ntotal tax liability for the year, which shall be the amount the provider paid in\ntaxes in state fiscal year 2005 -2006. The provisions of this paragraph also\nshall apply if the hospital subsequently undergoes a change in ownership.\n(b) If a hospital was not in operation during state fiscal year 2005 -2006, the\nhospital shall be taxed pu rsuant to the provisions of subsection (1) of this\nsection, provided that, upon request of the provider, the Department of\nRevenue may adjust the hospital's annual tax liability in accordance with the\ngross revenues of a comparable hospital.","path":["KRS Chapter 142"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29203","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:36Z","sha256":"918c5e35e93c090b74d4932549acb0b418332baa58b0a9986b0e043f867cd064","source_id":"us-ky","stale":false,"prev":"us-ky/krs-142.301","next":"us-ky/krs-142.307"},"notice":"GroundRules: Original legal text. Not legal advice."}