Prentice Women’s Hospital stands to pay $66 million for property taxes accumulated over the past four years, according to the report. The hospital is one of three non-profit hospitals that had its tax-exempt status denied by the Illinois Department of Revenue after the IDR determined the hospitals did not spend enough of their net patient revenue on charity care.
Illinois Gov. Pat Quinn has currently halted the IDR’s tax-exemption decision as the Illinois legislature drafts more specific definitions of a non-profit hospital’s charity care requirements.
Officials said the Cook County assessor’s office is only following the advice of the county state’s attorney’s office, according to the report. Northwestern Memorial has filed appeals to void the tax payments.
Related Articles on Illinois Hospitals and Property Taxes:
What’s Next for Illinois Non-Profit Hospitals and Their Tax-Exempt Statuses?
Moody’s: Removing Property Tax Exemption for Illinois Hospitals Would Be “Credit Negative”
Illinois Gov. Pat Quinn Holds State Decisions on Hospital Tax-Exemptions
