Maine § 22 §3175-D Nursing facility depreciation

Maine Statutes

§ 22 §3175-D — Nursing facility depreciation

Maine·Title 22 HEALTH AND WELFARE·Part 1 ADMINISTRATION·Ch. 855 AID TO NEEDY PERSONS

1.Depreciation. For sales of nursing facilities, as defined in section 1812‑A, that occur on or after October 1, 2009, the department shall either:

2.(TEXT EFFECTIVE ON CONTINGENCY: See PL 2013, c. 582, §5) Methodology. Beginning with the sale of a nursing facility that occurs on or after July 1, 2014, or such other date as approved by the United States Department of Health and Human Services, Centers for Medicare and Medicaid Services, the department shall calculate depreciation recapture using a methodology that provides percentage credits for buildings, fixed equipment and moveable equipment based on the number of years of operation by the owner of the nursing facility that is consistent with the following:

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Depreciation.
For sales of nursing facilities, as defined in section 1812‑A, that occur on or after October 1, 2009, the department shall either:
2.
(TEXT EFFECTIVE ON CONTINGENCY: See PL 2013, c. 582, §5) Methodology.
Beginning with the sale of a nursing facility that occurs on or after July 1, 2014, or such other date as approved by the United States Department of Health and Human Services, Centers for Medicare and Medicaid Services, the department shall calculate depreciation recapture using a methodology that provides percentage credits for buildings, fixed equipment and moveable equipment based on the number of years of operation by the owner of the nursing facility that is consistent with the following:

Maine § 22 §3175-D (Nursing facility depreciation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.