Of Counsel Mike Semes and Partners Alexander Reid and Matthew Elkin have written an article titled “Lessons for Nonprofit Executive Pay in Pottstown Hospital Ruling,” published April 18, 2023, in Bloomberg Tax.
“In Pottstown Sch. Dist. v. Montgomery Cty. Bd of Assessment, the Pennsylvania Commonwealth Court denied a nonprofit hospital’s property tax exemption,” they write, “Following this February ruling, every Pennsylvania nonprofit should examine its executive compensation structure and intercompany service agreements to determine whether it continues to qualify as an institution of purely public charity.”
Read the article.