Both parties have expressed interest in comprehensive tax reform in 2013.
Because Congress is looking at changing revenue streams for Section 501 limitations on deductions, there will be a need for a wider conversation about that section, the aide said at a joint meeting of the Great Lakes, Gulf Coast, and Pacific Coast Area Tax Exempt and Government Entities Councils, and the Mid-Atlantic and Northeast Pension Liaison Groups.
The imposition of mandatory amounts of charity care for tax-exempt hospitals, which some institutions had feared under proposals by Sen. Charles Grassley (R-Iowa) while he was Finance Committee chairman, are not garnering much attention now, as sequestration and the possibility of government shutdowns take center stage, the aide said. However, a fair amount of re-examination of how the Affordable Care Act is working can be expected once Section 501(r) has been implemented.
By Diane Freda
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