S1306 — Preserves property tax exempt status of certain nonprofit acute care hospitals; requires these hospitals to enter into payment in lieu of taxation agreement in certain circumstances.

S1306 — Preserves property tax exempt status of certain nonprofit acute care hospitals; requires these hospitals to enter into payment in lieu of taxation agreement in certain circumstances. · Informed CitizenryThis bill establishes rules for the property tax-exempt status of nonprofit acute care hospitals in New Jersey. It links tax-exempt status to the percentages of community benefit expenses and commu…Open in Informed Citizenry