In recent weeks, we’ve highlighted provisions of the House and Senate tax bills that impact tax-exempt bonds. However, the bills contain other provisions which may have a significant impact on tax-exempt organizations, including hospitals and other tax-exempt health care providers. Specifically, provisions in the bills regarding charitable giving, tax-favored financing, governance and compensation, political activity, unrelated business taxable income, and others will be of significant importance to tax-exempt entities should either bill be adopted in current or modified form. Our tax experts have prepared an extensive summary which discusses the relevant provisions in detail.
