INC TX-HOSPITAL PAYMENTS

Amends the Illinois Income Tax Act. Provides that the base income of a hospital that is exempt from the federal income tax by reason of Section 501(a) of the Internal Revenue Code is the aggregate of: (i) its unrelated business taxable income, without certain deductions; and (ii) an amount equal to the payments for goods and services made to the hospital by patients and not reimbursed by public or private insurance less the amount that the State Medicaid program would have paid for those same goods and services. Provides that the standard exemption shall not be allowed in determining the net income of a not-for-profit hospital. Effective immediately.