Tax Reform Bill Becomes Law: Lessons for Tax-Exempt Organizations

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Michael Peregrine discussed the impact of the new annual excise tax on compensation of non-profits, including tax-exempt hospitals and health systems. “While this excise tax was intended to place the exempt organizations on a par with publicly held companies as it relates to the deductibility of high compensation amounts, they’re actually in a competitive disadvantage to the private non-publicly traded companies,” Mr. Peregrine said.