H.R. 3124, To treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness

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H.R. 3124 would treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness.

Detailed Summary

Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.

Status of the Legislation

Latest Major Action: 7/31/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Health.

Points in Favor

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Points Against

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