State and Local Tax Exemption Programs: Reply

Property tax exemption for nonprofit hospitals.

This article discusses management practices that hospital administrators can use to minimize the exposure to property taxation. First, the results of a national survey on the extensiveness of property tax exemption are reviewed. Next, a review of the history of recent developments in Utah is presented, including the recent ruling of the Utah State Supreme Court that "nonprofit" status does not ...

Tax exemption in a reformed healthcare system.

The divergence of federal and state policies on the charitable tax exemption of nonprofit hospitals.

Nonprofit hospitals have traditionally enjoyed charitable exemption from real estate taxes because they provide specific social benefits. However, in the past three decades, major health policy changes at the federal level--most significantly, implementation of the Medicare and Medicaid programs--have weakened this rationale. Federal tax regulations during this period have changed in ways that ...

The Capitalization of the State Tax Exemption Benefit in Municipal Bond Yields

Thirty-three states treat in-state municipal bond interest income differently from out-of-state municipal bond interest income. While they tax the interest income of out-of-state bonds, they exempt interest income of in-state bonds from state taxes. This differential treatment in taxes creates a demand for in-state bonds and provides a disincentive for holding out-of-state bonds. A priori, this...

Nonprofit hospitals and the federal tax exemption: a fresh prescription.