Tag: exemptions
Tax Foundation Models Options to Reform Tax Exemptions for Large US Nonprofit Hospitals as Revenues and Consolidation Surge
As the American healthcare landscape continues to evolve through rapid consolidation and rising revenues, tax-exempt hospitals are facing intense scrutiny from lawmakers across the political spectrum. Representing a substantial share of medical care across the United States, nongovernment tax-exempt community hospitals account for nearly half of the approximately 6,100 hospitals operating nationwide. However, as these…
Wyoming’s Proposed Ballot Measure Threatens Tax System with Overlapping Exemptions and Budgetary Strain
If having one property tax exemption is good, then having two is preferable, and three is better still. Or at least, that seems to be the underlying logic guiding many state legislatures, where lawmakers and voters increasingly pile on new property tax relief measures that rarely cohere and sometimes work at cross purposes. But in…
