Healthcare Strategic Growth Blog

Best Practices for Managing Not-for-Profit Tax Requirements

Posted by Lee Ann Lambdin on Jan 22, 2016 11:18:14 AM

 

Not-for-profit hospital tax exemptions are under fire. Last week ModernHealthcare.com published an article on the Illinois 4th District Appellate Court ruling about a 2012 Illinois law that declares what hospitals have to do to achieve tax exemptions is unconstitutional. The law, when passed in 2012, was seen as a huge benefit for not-for-profit hospitals who now had clear standards of how to maintain their tax-exempt status. The case will go to the Illinois Supreme Court for the final ruling.

As cities and states look for additional tax revenues to run city and state budgets, not-for-profit hospitals are a big source of new revenue. Hospitals in Ohio, Pennsylvania, and New Jersey have also faced challenges.

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Tags: Blog, chna, community health, healthcare, hospital, Illinois, modern healthcare, not-for-profit, Supreme Court, tax-exempt

For Halloween: The Most Feared Question on Schedule H Form 990 Part V Community Health Needs Assessment, Question # 7

Posted by The Stratasan Team on Oct 23, 2012 9:41:20 AM

“Did the hospital facility address all of the needs identified in its most recently conducted Needs Assessment? If “No” explain in Part VI which needs it has not addressed and the reasons why it has not addressed such needs.” 

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Tags: chna, community health

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