Page:United States Statutes at Large Volume 124.djvu/884

 124 STAT. 858 PUBLIC LAW 111–148—MAR. 23, 2010 of paragraph (14), by redesignating paragraph (15) as para- graph (16), and by inserting after paragraph (14) the following new paragraph: ‘‘(15) in the case of an organization to which the require- ments of section 501(r) apply for the taxable year— ‘‘(A) a description of how the organization is addressing the needs identified in each community health needs assessment conducted under section 501(r)(3) and a descrip- tion of any such needs that are not being addressed together with the reasons why such needs are not being addressed, and ‘‘(B) the audited financial statements of such organiza- tion (or, in the case of an organization the financial state- ments of which are included in a consolidated financial statement with other organizations, such consolidated financial statement).’’. (2) TAXES.—Section 6033(b)(10) of such Code is amended by striking ‘‘and’’ at the end of subparagraph (B), by inserting ‘‘and’’ at the end of subparagraph (C), and by adding at the end the following new subparagraph: ‘‘(D) section 4959 (relating to taxes on failures by hos- pital organizations),’’. (e) REPORTS.— (1) REPORT ON LEVELS OF CHARITY CARE.—The Secretary of the Treasury, in consultation with the Secretary of Health and Human Services, shall submit to the Committees on Ways and Means, Education and Labor, and Energy and Commerce of the House of Representatives and to the Committees on Finance and Health, Education, Labor, and Pensions of the Senate an annual report on the following: (A) Information with respect to private tax-exempt, taxable, and government-owned hospitals regarding— (i) levels of charity care provided, (ii) bad debt expenses, (iii) unreimbursed costs for services provided with respect to means-tested government programs, and (iv) unreimbursed costs for services provided with respect to non-means tested government programs. (B) Information with respect to private tax-exempt hos- pitals regarding costs incurred for community benefit activi- ties. (2) REPORT ON TRENDS.— (A) STUDY.—The Secretary of the Treasury, in consulta- tion with the Secretary of Health and Human Services, shall conduct a study on trends in the information required to be reported under paragraph (1). (B) REPORT.—Not later than 5 years after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Secretary of Health and Human Services, shall submit a report on the study conducted under subparagraph (A) to the Committees on Ways and Means, Education and Labor, and Energy and Commerce of the House of Representatives and to the Committees on Finance and Health, Education, Labor, and Pensions of the Senate. (f) EFFECTIVE DATES.— Applicability. 26 USC 501 note. 26 USC 501 note.