On November 2, House Republican leaders unveiled a sweeping tax plan that would affect non-profit hospitals/health systems and public hospitals districts and the patients they serve. WSHA urges member hospitals to weigh in with their members of the congressional delegation. WSHA is actively working against the proposal in D.C. The most concerning provisions would:
- Eliminate the tax exemption for private-activity bonds, including qualified 501(c)(3) hospital bonds beginning January 1, 2018 (affects only 501(c)(3) hospitals); and
- Eliminate the ability to issue new tax-exempt bonds after December 31, 2017, to advance refund existing tax-exempt bonds (affects all hospitals.)
For more information, see our recent Inside DC. (Chris Bandoli, chrisb@wsha.org )
