62 Pa. Stat. § 804-A

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 804-A - Amount

The aggregate amount of the assessment and the assessment rate shall be determined in accordance with this article and implemented on an annual basis by the secretary, in consultation with the Secretary of the Budget, and shall be approved by the Governor. In each year in which the assessment is implemented, the assessment rate shall be fixed so as to generate at least fifty million dollars ($50,000,000) in additional revenue subject to the maximum aggregate amount that may be assessed under 42 CFR 433.68(f)(3)(i) (relating to permissible health care-related taxes after the transition period) or any other maximum established under Federal law.

62 P.S. § 804-A

1967, June 13, P.L. 31, No. 21, art. 8-A, § 804-A, added 2003, Sept. 30, P.L. 169, No. 25, § 1, retroactive effective 7/1/2003. Amended 2007, June 30, P.L. 49, No. 16, § 3, imd. effective.