Rep. Randy Hultgren (R-IL) is renewing a push to have House leadership protect the tax-exempt status of private-activity bonds as part of tax-reform efforts. Earlier this year, a bipartisan group of 150 House members, including Hultgren, who co-chairs the Congressional Municipal Finance Caucus, expressed support for the tax-exempt bonds. “As Congress considers tax reform and infrastructure financing, we, the undersigned, write to express our strong support for a potent tool already in hand – the tax-exempt municipal bond,” said the March 8 letter. “For more than a century, states and local governments have depended on this reliable and efficient means of financing.” The Tax Cuts and Jobs Act (H.R. 1), which is being marked up this week in the House Ways and Means Committee, contains a provision that would eliminate the tax-exemption for private-activity bonds, including qualified 501(c)(3) hospital bonds. The bonds help not-for-profit hospitals and health systems access low-cost capital, enabling them to keep infrastructure expenditures low. AHA opposes eliminating the tax-exempt status of private-activity bonds.

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…