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Wagenmaker & Oberly provides legal counsel to NONPROFIT ORGANIZATIONS across the nation with offices in Chicago and Charleston.
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Making Room: Property Tax Exemption and Third-Party Facility Usage
July 27, 2022
If your nonprofit provides facility usage to another organization, could its property consequently lose tax-exempt qualification? That question often becomes extremely important to many organizations as they consider potential opportunities for revenue generation, wise stewardship of their resources, and issues involving current guest users who may or may not imperil this coveted tax-exempt status. This question becomes even more acute when a nonprofit organization seeks to submit a tax exemption application for property with third-party usage, or when potential tax liability for losing exemption is not presently known or otherwise factored into facility usage fees that are charged to third parties. It thus warrants careful attention and the legally correct answer!
NONPROFIT LAW NEWSFEED
Win for Ted Cruz as supreme court strikes campaign contribution limit
06/01/2022
The Guardian The six conservatives who dominate the US supreme court ruled in favour of the hard-right Texas senator Ted Cruz in a case seeking to remove limits on campaign finance spending, in a ruling that one dissenting justice said would open the door to “quid pro quo corruption”.
Aurora lawmakers champion security funding for churches, nonprofit groups
05/31/2022
Sentinel A law passed in the final week of Colorado’s legislative session gives religious organizations and other nonprofit organizations more money for security upgrades, something that advocates say is a necessity in an era of increasing hate crimes.