The House of Representatives is set to vote today on a sweeping tax plan that would affect non-profit hospitals and public hospital districts and the patients they serve. Provisions in the plan 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). WSHA sent a letter November 14 to our state’s representatives urging their support of tax-exempt private activity and advance refunding bonds. (Chelene Whiteaker)
