Funny, but I thought only Congress and had the power to amend the Internal Revenue Code (you know...the "thing" that defines what is considered to be tax exempt). Silly me. According to "Political Sex" the Mayor of Scranton Pennsylvania apparently has that power. Now who would have thought that?
It's safe to say the if Doherty is dumped Dibileo might implement some kind of plan to get the U of S on the tax rolls. Or, if we get the Evans/Rogan/Joyce team elected, we might be looking at some new legislation that will get the U in the game of paying their way. Da U is looking more and more like a welfare institution with all these land grabs with no tax liability.
-- Edited by Agamemnon on Monday 13th of April 2009 09:36:03 PM
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Free Speech does't require a multi-paragrah disclaimer Mr. Pilchesky.
Here's a simple question for those of you smarter than I. When any non-profit is taking a property off the tax rolls, is it possible to charge a (for loss of a better word) lost tax fee of say 5 years worth of taxes?
Here's a simple question for those of you smarter than I. When any non-profit is taking a property off the tax rolls, is it possible to charge a (for loss of a better word) lost tax fee of say 5 years worth of taxes?
I'm not smarter than anyone, (in fact when it comes to certain things I'm down right dense...hell I can't even tell what color socks to wear most days) but I'm going to say that the answer to your question tooltime is no. A non-profit means that the organization in question complies with IRC section 501(c)(3), meaning that it engages in certain activities...religious, educational, charitable, etc. I'm not aware of any exemption that says "income isn't taxed except...".
This was the whole point of my original posting...namely that the definition of a non-profit is determined at a federal level. I don't think there is anything generally speaking that a city government can do about that designation. About the only thing that even comes close to that is the notion of parsing the activities of an organization and in effect saying "well that part of ____________ isn't engaging in religious, educational, charitable, etc activities and as a result, that portion of the institution is no longer considered to be a 501(c)(3) organization". Even then I think it's a bit of a stretch and I suspect that a non-profit could probably mount a legal challenge to that kind of determination.
-- Edited by Agamemnon on Tuesday 14th of April 2009 05:25:19 PM
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Free Speech does't require a multi-paragrah disclaimer Mr. Pilchesky.