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Monday, June 9, 2008

WE MADE A BAD TAX BETTER

June 15 is the deadline for paying the new state business tax, and I’m sure you’re hearing grumbling from physicians who’ve never had to pay this tax before. Remind your colleagues that TMA fought at the Texas Legislature to make sure physicians could exclude payments from Medicare, Medicaid, and other government health programs from their taxable revenue. You also can deduct the costs of uncompensated care. And we worked overtime with Comptroller Susan Combs’ office to make sure the tax rules preserved those important protections for physicians and patients.

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