Tax-Exempt Hospital Transparency (HR9504)
Current understanding
The Tax Exempt Hospital Transparency Act (HR9504) would impose new disclosure and accountability requirements on hospitals holding federal tax-exempt status under §501©(3), targeting the community benefit standard and related reporting. The bill was ordered reported by the House Ways and Means Committee on a 25-15 vote, advancing it out of committee. Status: introduced; awaiting House floor consideration. Nonprofit hospitals would face higher compliance/disclosure burdens; no direct change to taxpayer liability.