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Nonprofits’ Tax-Exemption Battle Moves to the Courts
June 7, 2016 /
Legislative attempts to tax nonprofits have fallen short. But recent legal challenges could present a financial problem for nonprofits and a financial boost for governments.
Legislators say that universities’ record-high endowments and the corporate-like structure of nonprofit hospitals is making it harder and harder to swallow giving these institutions a tax break.
by Liz Farmer
Full Story: http://www.governing.com/topics/finance/gov-nonprofits-property-tax-revenue-princeton.html
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Posted in: Non-Profit News
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