TITLE

Report: Cook County, III., Hospitals' Tax Exemptions Exceed Charity Care

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/31/2006, Vol. 356 Issue 32392, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on a study conducted in the hospitals in Cook County, Illinois, which reveals that hospitals spent only $105 million in charity care in 2004, while enjoying $326 million in tax benefits. The study found that the tax exemption is on property, sales and income taxes on the local, state and federal levels. The study conducted by the Center for Tax and Budget Accountability is the latest one in the United States that provides a green signal to the ongoing debate among state and health care industry officials over pending legislation regarding this issue.
ACCESSION #
21080635

 

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