New tax law hobbles tax-exempt hospitals.
The Economic Recovery Tax Act of 1981 left tax-exempt hospitals at a significant disadvantage in the competition for capital. Although the new law's accelerated depreciation schedules and liberalized investment tax credits contain some marginal benefits for tax-exempt hospitals, these benefits are probably more than offset by the impact of the law on charitable giving.
D002202:Capital Financing / Q000639:trends*; D003862:Depreciation; D004469:Economics, Hospital; D005376:Financial Management / Q000639:trends*; D006788:Hospitals, Voluntary / Q000191:economics*; D007183:Income Tax / Q000331:legislation & jurisprudence*; D007449:Investments; D014481:United States