Long Term Care Profession Opposes Elimination of Private Activity Bonds in Tax Proposal
— The American Health Care Association/National Center for Assisted Living
(AHCA/NCAL) President and CEO Mark Parkinson today issued the following
statement regarding the tax proposal under consideration in the House of
the elimination of private activity bonds, a provision included in H.R. 1, “Tax
Cuts and Jobs Act.” Private activity bonds are a critical form of tax-exempt
financing which long term care providers utilize to fund new construction, make
infrastructure improvements, develop affordable housing and other projects.
Should this provision become law, it would severely threaten the ability of
providers to make these investments in the future, and would seriously damage
operations for long term care providers who deliver critical care for more than
one million seniors and people with disabilities.”
The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) represents more than 14,000 non-profit and proprietary skilled nursing centers, assisted living communities, sub-acute centers and homes for individuals with intellectual and development disabilities. By delivering solutions for quality care, AHCA/NCAL aims to improve the lives of the nearly 5 million seniors and individuals with disabilities who receive long term or post-acute care in our facilities each year. For more information, please visit www.ahcancal.org or www.ncal.org.