Insights

An overview of the impact of the new tax law, event image

Impact of the New Tax Law on Nonprofit Hospitals and Health Systems - Overview

This webinar was the first of a 3-part series devoted to the impact of the Tax Cuts and Jobs Act on tax-exempt hospitals and health systems. Topics included:

  • UBIT
  • Executive Compensation and Fringe Benefits
  • Provisions Affecting Health Care Specifically
  • Tax Treatment of Business Structures
  • Charitable Giving

Jones Day partners Cathy Livingston (Washington) and Gerry Griffith (Chicago) and Amy Bibby, a Partner with DHG Healthcare in Asheville, North Carolina, led the presentation.

Key takeaways from the webinar:

  • 21% excise tax on high-end compensation packages applies even if compensation reflects market comparables
  • New deduction for Qualified Business Income may provide tax savings for individuals doing business with health care organizations
  • After 2017, UBIT must be computed separately for each trade or business

Watch the full webinar via Web Ex. A Web Ex browser extension is required for viewing.

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