This article by attorney Mandarino explores the implications of a 1997 change in the Internal Revenue Code affecting tax-exempt hospitals which run or operate for-profit businesses. The piece explores the application of prior law to hospital ownership of for profit ventures and continues on to review the implications of the 1997 amendment, particularly on existing structures. The article concludes with suggestions to avoid applications of the amended section.
Recent Chages to the Internal Revenue Code May Require Tax-Exempt Hospitals to Restructure Ownership of Certain Activities,
Annals Health L.
Available at: http://lawecommons.luc.edu/annals/vol7/iss1/8