 |
 |
 |
 |
 |
 |
 |
|
Sign up to receive PND e-newsletters. |
|
| |
|
| Re: not-for-profit status revoked on a hospital--warning sign of upcoming trend?
Posted by RicK   on 3/23/2010, 6:06 pm, in reply to "Re: not-for-profit status revoked on a hospital--warning sign of upcoming trend?"
VIP Poster
Julie,
I have always believed that the privilege of tax exempt status is a "quid pro quo" contract granted to those institutions meeting a public need that would, otherwise, be met by "government". When a government entity perceives that an institution's meeting of that need is insufficient to the exemption, that privilege is withdrawn.
I agree that, given the current economic situation with "revenue deprived" municipalities, it only makes sense.
Great grist for the mill!
Rick
|
| |
