Provide for a hospital community benefit fee

Removed redundant phrasing in the bill title and introductory sections to improve clarity.

Added a requirement for hospital reports to explicitly include bad debt expenses and net costs incurred in specific categories.

Clarified that critical access hospital funding must be distributed based on the number of beds for hospitals not affiliated with others.

Changed the report submission deadline from March 31 to within 30 days of filing IRS forms, accommodating different tax filing schedules.

Added a formal 'Definitions' section and clarified terms like 'potential tax liability' and 'community benefit' to prevent ambiguity in enforcement.

Refined reporting requirements for nonprofit hospitals to ensure they accurately report charity care and community benefit expenses using IRS Form 990 data.

Clarified the fee assessment process, ensuring hospitals pay a fee if their community benefit spending falls below their potential property tax liability.

Removed redundant capitalization, fixed sentence structure, and corrected section numbering to align with standard legislative formatting.

Added specific definitions for 'charitable contributions' and clarified the calculation of 'potential tax liability' to exclude properties already taxed by the hospital.

Added a requirement for hospitals to report charity care and community benefit spending using specific IRS Form 990 Schedule H data within 30 days of filing.

Introduced a new rulemaking authority allowing hospitals to dispute the determination of their assessed or taxable value used to calculate potential tax liability.

Clarified the deadline for hospitals to submit community benefit reports to the Department of Public Health and Human Services as March 31st.

Reaffirmed the creation of a special revenue account to fund critical access hospitals based on bed count, with fees collected from hospitals failing to meet community benefit thresholds.

The bill number and version designation were updated from SB 560.2 to SB 560.1, indicating a revision in the legislative process.

Reporting deadlines were clarified; hospitals must submit Schedule H forms by March 31, and the Department of Health must distribute critical access funding by June 30.

The list of specific financial data hospitals must report was expanded to include net costs incurred in categories like bad debt and means-tested government programs.

A new special revenue account was created to hold fees collected from hospitals that do not provide enough community benefits, which will then be used to fund critical access hospitals.

The definition of 'potential tax liability' was refined to specify that it is the amount a hospital would owe if it were not exempt from property taxes, calculated using prior year estimated values and mill levies.

The enforcement mechanism was clarified: if a hospital's community benefit spending is less than its potential tax liability, the Department of Health will assess a fee equal to the difference.

The deadline for hospitals to report community benefit data was changed from a fixed March 31 date to 'within 30 days of filing' IRS forms.

The calculation for potential property tax liability was updated to use the 'prior year's' data instead of the current year's data.

A new rule was added exempting hospitals from the potential tax liability calculation if they are already paying property taxes on specific properties.

A formal definition for 'Potential Tax Liability' was added to clarify it represents taxes owed if the exemption were not in place.

New authority was granted to the Department of Revenue to adopt rules establishing a dispute process for challenging property tax assessments.

The bill number was changed from LC 4205 to SB 560, reflecting its progression through the legislative process.

A new definition for 'custodial care' was introduced, specifying it as a sheltered, family-type setting for an aged person.