Tax-exempt Status
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.
Ways and Means Chairman Kevin Brady (R-TX) today unveiled House Republican leaders’ proposal to reform the tax code. Among other changes, the Tax Cuts & Jobs Act would eliminate hospitals’ ability to access low-cost capital financing through tax-exempt private activity bonds. In addition, the…
If hospital access to tax-exempt financing is limited or eliminated, hospitals’ ability to make investments in new technologies and renovations in the future will be challenged.
Not-for-profit community hospitals do more than care for the injured and infirm; they promote and protect the health and well-being of their communities. Not-for-profit hospitals are distinguished by certain charitable obligations that have evolved over time as they work to meet the changing health…
As Congress turns to tax reform, a new analysis prepared by Ernst & Young for the AHA finds that hospitals’ and health systems’ community benefit activities outweigh the value of their federal tax exemption by a factor of 11 to one. According to the report, non-profit hospitals in 2013, the…
Contact: Colin Milligan - (202) 638-5491
Jennifer Armstrong Gay - (202) 626-2284
Introduction
Hospitals provide benefits to their communities in a multitude of ways, a portion of which is captured by the IRS Form 990 Schedule H. They not only provide financial assistance and absorb underpayments from means-tested government programs such as Medicaid, but also incur losses due…
The AHA today urged the Department of Treasury to issue guidance clarifying that hospitals are promoting health for the benefit of the community as a whole when they address housing, nutrition, transportation and other social determinants of health. “We urge issuance of formal guidance recognizing…
The Illinois Supreme Court today vacated an appellate court decision that declared the state’s property tax exemption standard for hospitals unconstitutional, concluding that the appellate court did not have jurisdiction to take the appeal.