Provena portends: recent denial of property tax exemption to Provena, an Illinois nonprofit hospital, its implications for California, and the impact of the Patient Protection And Affordable Care Act

This paper attempts to synthesize the recent decision denying the property tax exemption of a nonprofit hospital in Illinois (Provena) with the examinations of the net economic value provided by nonprofit hospitals in California, who benefited from property tax exemptions. Additionally, the ramifications of these diverse state legal environments are analyzed with respect to the recent enactment of section 501(r) of the Code and its increased disclosure requirements.