I’ve wondered about that, because it is a “tax”, not a penalty, as ruled by the Supreme Court.
So, if the college is tax-exempt, would they have to pay the tax for not having health insurance coverage? I wonder if they wrote the law appropriately to cover that?
“So, if the college is tax-exempt, would they have to pay the tax for not having health insurance coverage? I wonder if they wrote the law appropriately to cover that?”
I suspect that the organization is tax exempt on the income it makes. But they are not exempt from other, non-income taxes.