How will tax reform impact seniors? Here’s an in-depth review from Senior Housing News covering the latest…
For many senior housing owners and investors, the tax reform package passed by Republican members of Congress on Wednesday represents a tax break. The bill’s impact on skilled nursing operators and investors, however, remains less than clear. For instance, non-profit developers of continuing care retirement communities (CCRCs) received mixed
For instance, non-profit developers of continuing care retirement communities (CCRCs) received mixed holiday blessings: The compromise tax bill saving a key funding source but eliminating another. LeadingAge and other players in the non-profit long-term care space rallied to protect two key sources of funding for CCRC owners and developers: private activity bonds (PABs), which provide tax-exempt financing for non-profits, and advanced refunding, which allows holders of PABs to refinance once during the first 10 years of the bond issuance.
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Tom Tressler is the director of customer development for HiLois. He has a rich background in healthcare and technology. He covers health, technology and healthy aging news for the HiLois blog.