The legislation, supported by the Illinois Hospital Association, would also provide tax exemptions to the three hospitals — Northwestern Memorial’s Prentice Women’s Hospital in Chicago, Edward Hospital in Naperville and Decatur (Ill.) Memorial Hospital — that are still awaiting final verdicts on their property tax assessments. Last August, the Illinois Department of Revenue denied the property tax-exempt status of those three hospitals due to low percentages of charity care as a percent of their net patient revenues.
SB2194 would also enforce a $1-per-pack cigarette tax increase, which would provide roughly $700 million for Illinois’ Medicaid program. The Senate will vote on the bill this week.
More Articles on Illinois Hospitals and Property Taxes:
Illinois’ Prentice Women’s Hospital Loses Property Tax Exemption Appeal
Fitch: Property Taxes Would Afflict Illinois Non-Profit Hospital Ratings
Illinois to Resume Reviews of Non-Profit Hospitals’ Tax-Exempt Statuses
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