Proposed Healthcare Legislation: Effects on Tax-Exempt Organizations

Posted by Jason Greis on October 5, 2009 under Articles | Be the First to Comment

The Senate Finance Committee has completed its mark-up of the America’s Healthy Future Act of 2009 (the “Act”).  The Act currently contains certain provisions that will affect some tax-exempt organizations, but there is no way to determine whether any of these provisions will be included in final legislation enacted by Congress. Read More...

GreisGuide to LTACHs Newsletter (March 2009)

Posted by Jason Greis on March 8, 2009 under eNewsletter | Be the First to Comment

• The American Recovery and Reinvestment Act Makes Technical Corrections to the MMSEA Favorable to LTACHs;
• $15 Billion in Federal Relief Spending to Become Immediately Available for State Medicaid Programs;
• “Heard it Through the Grapevine”–EBITDA Multiples Appear to be Down for Minority Interests in LTACHs;
• Employee Free Choice Act (EFCA) Update:  Me Thinks Thou Dost Protest;
• IRS Report Provides Insight into Community Benefit and Executive Compensation Practices of Tax-Exempt Hospitals;
• News Posted in February; and
• Upcoming Events

Please click here for a .PDF copy of this Newsletter. Read More...

Upcoming IRS Report to Focus on Tax-Exempt Hospital Executive Compensation

Posted by Jason Greis on January 6, 2009 under Articles | Be the First to Comment

Two of my McGuireWoods colleagues wrote the below Client Alert discussing the IRS’s continued focus on non-profit executive compensation.  Tax-exempt 501(c)(3) LTACHs should carefully follow both the legislative actions of Senate Finance Committee members Senators Charles Grassley and Senator Max Baucus, both of whom support and have promised significant changes to the way non-profit hospitals are organized and managed.  Senator Grassley and his staff released the attached document entitled “Tax-Exempt Hospitals: Discussion Draft” on June 20, 2007, which is probably instructive regarding the type of far-reaching legislation Senator Grassley is likely to propose at some point in 2009. Read More...