Illinois Supreme Court to weigh tax exemption for not-for-profit hospitals

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The state’s highest court will weigh the constitutionality of a law that lets not-for-profit hospitals skip paying property taxes — a question with potentially hundreds of millions of dollars at stake. Current law says that not-for-profit hospitals in Illinois don’t have to pay property taxes as long as the value of their charitable services is at least equal to what they would otherwise pay in taxes. About three-fourths of the state’s more than 200 hospitals are not-for-profit.