The AHA yesterday commended Senate Finance Committee Chairman Orrin Hatch (R-UT) for maintaining tax exemption for private activity bonds in his mark of the Tax Cuts and Jobs Act, and urged him to amend the mark to maintain access to advance refunding bonds in the final proposal as well. “Advance refunding bonds are an essential and important financing tool that allow 501(c)(3) hospitals to respond to credit market conditions to reduce the cost of capital,” wrote AHA Executive Vice President Tom Nickels. “Hospitals are able to lower their debt costs, resulting in reduced health care costs overall, and free up borrowing capacity for new investment in needed and necessary health facilities. They have resulted in many billions of dollars of savings for the health care system.” AHA also joined the Public Finance Network and Municipal Bonds for America, coalitions that represent municipal bond issuers and users, in urging the House and Senate to maintain tax exemption for private activity bonds and advance refunding bonds in the final tax reform legislation.

Related News Articles

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…
Blog
AHA response to Modern Healthcare story "Flaws in reporting create knowledge vacuum regarding community benefits"
Insights and Analysis
Livingston HealthCare in Montana used a grant to streamline behavioral health treatment and screen primary care patients, and Bath Community Hospital in Hot…
Headline
The Texas A…