Roughly two weeks ago, Hillsboro and four other Illinois non-profit hospitals withdrew their applications for property tax exemptions, making them subject to property tax assessments. Last month, Gov. Pat Quinn lifted the moratorium on state reviews of non-profit hospital property tax exemptions after state and hospital officials were unable to reach an agreement on how much charity care a tax-exempt hospital should provide.
Mark Deaton, general counsel for the Illinois Hospital Association, said some of the hospitals may have withdrawn their tax exemptions due to the costs and uncertainty involved in the legal process that Illinois is currently waging against state non-profit hospitals, according to the report.
In 2010, the 25-bed Hillsboro provided roughly $329,290 in charity care, or roughly 1.95 percent of the hospital’s $16.8 million net patient revenue.
More Articles on Illinois Non-Profit Hospitals:
Fitch: Property Taxes Would Afflict Illinois Non-Profit Hospital Ratings
5 Illinois Hospitals Withdraw Property Tax Exemption Applications
Illinois to Resume Reviews of Non-Profit Hospitals’ Tax-Exempt Statuses
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