Tuesday, May 17, 2016

NJ hospitals could be forced to pay millions in taxes to local towns.

 Monmouth Medical Center Southern Campus in Lakewood (Kimball Medical Center) is one of the 30 NJ hospitals that may be forced to pay millions in local taxes. Indeed, as many as 30 hospitals could be forced to pay tens of millions in property taxes over the next decade because of tax appeals charging that the facilities have for-profit components That's the count of municipalities that filed tax appeals against not-for-profit hospitals in New Jersey by April 1, the New Jersey Hospital Association said. Read more at Patch.com

4 comments:

  1. Maybe CHEMED will also have to pay back taxes?

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  2. What about all non profits that have profitable entities? where do you draw a line?

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  3. A non profit can have a business so long that the money earned goes back into the non profit operating budget and mission expenses.

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    1. They have to pay taxes on the profit division, but many claim the profit is related to their mission.

      Anyway, that is irrelevant to this case, which concerns property (not income) taxes, which denies tax exemption for non mission related and or non traditionally not an exempt activity. To simplify the story.

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