NJ Non-Profit Hospital Tax Exemption Praised

New Jersey State Senator Robert Singer commended the announcement of an agreement to place a two-year freeze on property tax rates for non-profit hospitals that were tax exempt prior to a recent court ruling. Sen. Robert Singer praised an agreement that would temporarily freeze property tax rates for non-profit hospitals and create a commission to study tax exemptions. (SenateNJ.com) “The bipartisan agreement announced today will end the need for costly litigation between non-profit hospitals and the communities they serve,” said Singer, a member of the Senate Health, Human Services and Senior Citizens Committee. “This agreement will afford us the time we need to conduct a proper review of the tax exemption law to find a solution that is fair to host municipalities without crippling the hospitals that serve them.” Under the agreement, a Property Tax Exemption Study Commission will be created to review and recommend updates to state laws regarding property tax exemptions for non-profit hospitals. Singer was the sponsor of legislation, S-3299, that sought to address the issue.  That legislation was pocket vetoed at the end of the legislative session in January. Related Facebook Post: https://www.facebook.com/bobsingernj/posts/10153372787262097 Related Tweet: https://twitter.com/bobsingernj/status/710875490467196928 Website Post: http://www.senatenj.com/index.php/singer/singer-praises-agreement-on-property-tax-exemptions-for-non-profit-hospitals/26296