Temporarily reinstates property tax exemption for previously exempt non-profit hospital properties; establishes "Non-Profit Hospital Property Tax Exemption Study Commission."

S 73 temporarily reinstates property tax exemptions for non-profit hospitals that were exempt in 2015, covering tax years 2022 and 2023, and prohibits any legal challenges against this exemption during those years. It also creates the "Non-Profit Hospital Property Tax Exemption Study Commission" to examine current tax exemption laws and modern hospital operations. The commission, composed of nine members including state officials and experts, must issue a report with recommendations for updating the exemption system within one year. This bill aims to address outdated tax rules by providing a two-year exemption period while studying how to create a more equitable system for hospitals, municipalities, and taxpayers.