Senate Bill 560 revises laws concerning nonprofit hospitals, particularly focusing on their community benefits and financial assistance policies. The bill mandates that nonprofit hospitals report their charity care and community benefit spending to the Department of Public Health and Human Services, including detailed financial information on community health improvement services. If a hospital's reported community benefit falls short of its potential property tax liability, a fee will be imposed equal to the difference. The legislation also establishes a Critical Access Health Care Special Revenue Account to support funding for critical access hospitals. Additionally, it introduces definitions related to community benefits and grants the Department of Revenue the authority to determine potential tax liabilities for nonprofit hospitals.

The bill further requires nonprofit hospitals to have written financial assistance and community benefit policies that comply with federal standards, which must be made publicly available. It amends existing laws to enhance accountability by removing previous deadlines for the Department to adopt rules related to these requirements, allowing for ongoing rulemaking instead. The effective date for provisions related to critical access hospitals is set for January 1, 2027, while other sections will take effect on January 1, 2031. Overall, the legislation aims to ensure that nonprofit hospitals meet their community obligations and provides a framework for oversight and compliance.

Statutes affected:
LC Text: 50-5-101
SB0560_1(1): 50-5-101
SB0560_1(2): 50-5-101
SB0560_1(3): 50-5-101
SB0560_1(4): 50-5-101
SB0560_1(5): 50-5-101
SB0560_1(6): 50-5-101
SB0560_1(7): 50-5-101
SB0560_1(8): 50-5-101
SB0560_1(9): 50-5-101
SB0560_1: 50-5-101
SB0560_2(1): 50-5-101
SB0560_2(2): 50-5-101
SB0560_2(3): 50-5-101
SB0560_2(4): 50-5-101
SB0560_2: 50-5-101
SB0560_X(1): 50-5-101, 50-5-121
SB0560_X(10): 50-5-101, 50-5-121
SB0560_X(11): 50-5-101, 50-5-121
SB0560_X(12): 50-5-101, 50-5-121
SB0560_X(13): 50-5-101, 50-5-121
SB0560_X(14): 50-5-101, 50-5-121
SB0560_X(15): 50-5-101, 50-5-121
SB0560_X(2): 50-5-101, 50-5-121
SB0560_X(3): 50-5-101, 50-5-121
SB0560_X(4): 50-5-101, 50-5-121
SB0560_X(5): 50-5-101, 50-5-121
SB0560_X(6): 50-5-101, 50-5-121
SB0560_X(7): 50-5-101, 50-5-121
SB0560_X(8): 50-5-101, 50-5-121
SB0560_X(9): 50-5-101, 50-5-121
SB0560_X: 50-5-101, 50-5-121