Tax-exempt Status
Senate Finance Committee Chair Orin Hatch (R-UT) late yesterday released a draft of Senate Republicans’ proposal to overhaul the tax code.
Senate Finance Committee Chair Orrin Hatch (R-UT) late yesterday released a draft of Senate Republicans proposal to overhaul the tax code.
The House Ways and Means Committee today voted 24 to 16 along party lines to approve the Tax Cuts & Jobs Act (H.R. 1), legislation to reform the tax code. Among other changes, the bill would eliminate hospitals’ ability to access low-cost capital financing through tax-exempt private-activity bonds.
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,…
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…
Press Release
Statement on Tax Proposal
Contact: Marie Johnson, 202-626-2351, mjohnson@aha.org
Colin Milligan, 202-638-5491, cmilligan@aha.org
Tom Nickels
Executive Vice President
American Hospital Association
November 2, 2017
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…