A bill to treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness.

Fact Sheet API

Bill Number

S 62

Introduced

Jan 4, 2007

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S80-81)

Sponsor

Cosponsors

Topics

Charities Commerce Debt Finance and Financial Sector Foundations Health Hospitals Housing and Community Development Income tax Liens Mortgages Real estate investment Social Welfare Tax-exempt organizations Taxation Unrelated business income tax

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.

Actions

Jan 4, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S80-81)
Jan 4, 2007

Sponsor introductory remarks on measure. (CR S80)
Jan 4, 2007

Introduced in Senate

Amendments

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