Amends existing law to revise provisions regarding hospital property tax exemptions and to specify requirements to qualify for an exemption.

This legislation amends a definition of nonprofit hospital for the purpose of property tax exemptions and allows the discretion of the Board of Equalization for the county in which the property is located. The legislation set up a framework for the Board of Equalization to evaluate the community and charitable benefit of nonprofit hospitals and grant a property tax exemption in full, partial, or an exemption at all.