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IRS Issues Proposed Regulations for Section 501(c)(3) Tax-Exempt Hospitals Regarding the Community Health Needs Assessment and Other Requirements of Section 501(r)

On April 5, 2013, the Internal Revenue Service (“IRS”) publishedproposed regulations (“Proposed Regulations”) providing guidance regarding certain aspects of Section 501(r) of the Internal Revenue Code (“Code”), which establishes various requirements for hospitals to qualify for federal income tax exemption under Code Section 501(c)(3). Comments are due to the IRS by July 5, 2013. This alert highlights the key issues addressed in the Proposed Regulations, as follows:[1]