The Tax-Exempt Entity's Property and a Lessee's Private Purpose

When a tax-exempt property's use by a lessee involves an element of private profit. Is the tax-exempt status lost?

21 minute readJune 01, 2018 at 12:07 AM
By
Janice G. Inman
The Tax-Exempt Entity's Property and a Lessee's Private Purpose

State and local governments grant tax-exempt status to properties that are used for certain activities, including religious and charitable purposes. Properties owned by government and educational institutions are tax-exempt as

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