Minnesota Administrative Rules

9500.1126 RECAPTURE OF DEPRECIATION.

Subpart 1.

Recapture of depreciation.

The commissioner shall determine the recapture of depreciation due to a change in the ownership of a hospital that is to be apportioned to medical assistance, using methods and principles consistent with those used by medicare to determine and apportion the recapture of depreciation.

Subp. 2.

Payment of recapture of depreciation to commissioner.

A hospital shall pay the commissioner the recapture of depreciation within 60 days of written notification from the commissioner.

Interest charges must be assessed on the recapture of depreciation due the commissioner outstanding after the deadline. The annual interest rate charged must be the rate charged by the commissioner of revenue for late payment of taxes in effect on the 61st day after the written notification.

Statutory Authority:

MS s 256.969

History:

10 SR 227; 11 SR 1688

Published Electronically:

October 16, 2013