NJ tax court denied property-tax exemption for hospital that they concluded does not operate as a nonprofit, despite its own claims.
"The New Jersey Tax Court denied Morristown Medical Center a property tax exemption because it did not operate like a non-profit. The case was one of first impression in the New Jersey Tax Court, in which the case at issue was the property tax issue rather than the hospital’s tax-exempt status. The court considered testimony from a number of witnesses, but concluded that the hospital’s operations violated the profit test." -- Roger Russell, AccountingToday.com
