Assessing The Tax Exempt Status Of A California Nonprofit Hospital

Abstract: A 10 page position paper discussing both the advisability and legality of challenging a California hospital's exemption from state and local property tax based on questions surrounding their nonprofit activities. Very Rich Medical Center (VRMC) is exemplary in their use of operating funds. The center's success lies in sound management rather than in any abuse of their nonprofit status, and the administration provides volunteer services to two other medical centers lacking VRMC's state-of-the-art equipment and superior management of cost issues. The paper recommends preserving VRMC's tax-exempt status as being the most cost effective for the local government as well as for VRMC. Bibliography lists 4 sources.

Filename: TaxExemp.wps

Pages: 10

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Catagory:

Subcatagory: Health Care

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