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McDermott Will & Schulte

One Big Beautiful Bill Act Has Many Impacts for Nonprofit Health Systems

McDermott Will & Schulte on

The US House of Representatives passed its One Big Beautiful Bill Act on May 22, 2025 (the Act), but nonprofit health systems may not find much about the Act that’s attractive. If passed by the US Senate and signed into law,...more

Sheppard Mullin Richter & Hampton LLP

Tax Reform: Nonprofits and their Executives Brace for Impact

Sheppard Mullin Richter & Hampton LLP on

The Senate voted yesterday to begin formal negotiations with the House of Representatives to reconcile their two versions of the Tax Cuts and Jobs Act, a bill that seeks to make sweeping changes to federal tax law....more

Sheppard Mullin Richter & Hampton LLP

Tax-Exempt Healthcare Organizations Brace for Impact as Senate Tax Reform Bill Passes

Sheppard Mullin Richter & Hampton LLP on

Update. We described in a previous blog post major changes that tax-exempt hospitals and other tax-exempt organizations in the healthcare industry face in the tax reform proposals working their way through Congress. In the...more

Sheppard Mullin Richter & Hampton LLP

Tax-Exempt Hospitals & Other Tax-Exempt Healthcare Organizations Not Immune from Federal Tax Reform

Sheppard Mullin Richter & Hampton LLP on

As federal tax reform efforts proceed rapidly in both chambers of Congress, tax-exempt hospitals and other tax-exempt healthcare organizations are facing major potential changes. New tax burdens on tax-exempt organizations...more

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