Indiana Code 16-51-1-4. “Indiana nonprofit hospital system”
Current as of: 2023 | Check for updates
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Sec. 4. As used in this chapter, “Indiana nonprofit hospital system” means a hospital that:
(A) eligible for tax exempt bond financing; or
(1) is organized as a nonprofit corporation or a charitable trust under Indiana law or the laws of any other state or country and that is:
Terms Used In Indiana Code 16-51-1-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- patient service revenue: includes similar terms, including net patient service revenue and patient care service revenue. See Indiana Code 16-51-1-4
(B) exempt from state or local taxes;
(2) is licensed under IC 16-21-2;
(3) filed jointly one (1) hospital audited financial statement with the Indiana department of health in 2021; and
(4) has an annual patient service revenue of at least two billion dollars ($2,000,000,000) based on the hospital system’s 2021 audited financial statement filed with the Indiana department of health. As used in this subdivision, “patient service revenue” includes similar terms, including net patient service revenue and patient care service revenue.
As added by P.L.203-2023, SEC.18.