In the News

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 >>