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Grassley Presses IRS on Nonprofit Hospitals, Tax Notes

March 04, 2019

Morgan Lewis partner Alex Reid speaks with Tax Notes about recent developments related to Section 501(r), which requires tax-exempt hospitals to fulfill certain requirements to maintain their tax-exempt status. “The unfortunate reality is that Congress has raised taxes on the nonprofit sector, increased the cost of tax-exempt bond financing, and simultaneously reduced incentives for charitable giving,” Alex says in the article. “These policies are having a massive impact on tax-exempt hospitals and the nonprofit sector more broadly.”

Read the full Tax Notes article >>