Finance Committee to Hold Hearing on Nonprofit Hospitals
Next week, the Senate Finance Committee will hold a hearing on “Taking the Pulse of Charitable Care and Community Benefits at Nonprofit Hospitals.”
This hearing certainly comes as no surprise. Both the Senate and House tax-writing committees and the Internal Revenue Service (IRS) have expressed great concern over the operation of nonprofit health care facilities. For example, Senate Finance Committee Chairman Grassley sent letters in June to the IRS seeking “comment and in some cases stepped-up enforcement" in several tax-exempt areas. His number one concern: nonprofit hospitals. Also in June, the IRS sent “compliance check questionnaires” to more than 550 nonprofit hospitals to determine whether they are abusing their tax-exempt status. Reportedly, the IRS will soon decide whether standards for nonprofit hospitals should be changed or clarified.
This hearing certainly comes as no surprise. Both the Senate and House tax-writing committees and the Internal Revenue Service (IRS) have expressed great concern over the operation of nonprofit health care facilities. For example, Senate Finance Committee Chairman Grassley sent letters in June to the IRS seeking “comment and in some cases stepped-up enforcement" in several tax-exempt areas. His number one concern: nonprofit hospitals. Also in June, the IRS sent “compliance check questionnaires” to more than 550 nonprofit hospitals to determine whether they are abusing their tax-exempt status. Reportedly, the IRS will soon decide whether standards for nonprofit hospitals should be changed or clarified.
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