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As nonprofit hospital systems expand across Long Island, acquiring billions in formerly taxable commercial properties, a critical debate emerges over whether these modern healthcare giants still deserve the blanket tax exemptions originally granted to small charity-care institutions in the 19th century. With exemption values more than doubling from $2.3 billion to $4.8 billion between 2015 and 2025...

§ 2801 of the Internal Revenue Code of 1986, as amended (the "Code") imposes a tax a U.S. citizen or resident who receives a "covered gift" or "covered bequest" from certain individuals...