AHA today urged leaders of the House Ways and Means Committee to reject a proposal in the House Republicans’ tax reform package that would eliminate tax exemption for 501(c)(3) hospital bonds and advance refunding bonds. “AHA urges the committee to drop these two harmful and unwarranted provisions, which we believe will work against the intended purpose of the bill and severely hamper hospitals’ ability to meet the health care needs of the future,” AHA Executive Vice President Tom Nickels said today in a letter to committee leaders. The association also opposed the proposal as part of the Public Finance Network and Municipal Bonds for America, coalitions that represent municipal bond issuers and users. In a letter to the committee, the Public Finance Network said the proposal would “eliminate financing tools utilized by state and local governments, schools, hospitals, airports and special districts and other public sector entities to provide critical investments in infrastructure and save taxpayers money." Municipal Bonds for America similarly urged House and Senate leaders to abandon the proposal.

Related News Articles

Insights and Analysis
As the 2019 chair of the AHA’s Section for Small or Rural Hospitals, I can attest that AHA is stepping up in a big way to grapple with the issues that affect…
Headline
AHA President and CEO Rick Pollack kicked off today's programming at the AHA Rural Health Care Leadership Conference and moderated a discussion with Erika…
Chairperson's File
We must act now – and together – to protect local access to high-quality, affordable care and empower rural hospitals to thrive as cornerstones of their…
Blog
The AHA Rural Health Care Leadership Conference – one of AHA’s flagship events – will be held Feb. 3-6 in Phoenix. AHA Executive Vice President Maryjane Wurth…
Headline
Rural Americans live an average 10.5 miles or 17 minutes from the nearest hospital, according to a new analysis by the Pew Research Center.
Headline
The Internal Revenue Service yesterday issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred…