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Illinois legislature clarifies requirements for non-profit hospital property tax exemption, increases charity care requirements

  • Drinker Biddle & Reath LLP
  • -
  • USA
  • -
  • June 5 2012

In response to the uncertainty created by the Illinois Supreme Court’s decision in Provena Covenant Medical Center v. Dept. of Revenue, on May 29th the Illinois Senate passed Senate Bill 2194 (SB 2194), previously passed by the House, which includes new standards for property tax exemption and sales and use tax exemption for non-profit hospitals, as well as an income tax credit for taxable hospitals