Court Agrees IHC's HMOs Aren't Tax Exempt

Court Agrees IHC's HMOs Aren't Tax Exempt

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(Salt Lake City-AP) -- An appeals court has upheld the Internal Revenue Service's revoking the tax-exempt status of Intermountain Health Care's health maintenance organizations.

A three-judge panel of the tenth U-S Circuit Court of Appeals said in the ruling yesterday that I-H-C Health Plans, the largest H-M-O in Utah, operates like a commercial for-profit entity and should be taxed like one, even though the parent I-H-C Incorporated remains a tax-exempt nonprofit organization.

The Internal Revenue Service allowed I-H-C's Health Plans to operate as a tax-exempt organization from 1985 to 1999 before revoking the status.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

KSL Weather Forecast