from SLATE, May 26, 2008: >The New York Times leads with a look at how government officials are increasingly questioning whether all of the nation's nonprofit organizations deserve their tax-exempt status. At a time when nonprofits run businesslike operations, and some private universities have endowments that total billions of dollars, there are those who are wondering whether it makes sense for these organizations to retain a status that costs local governments somewhere around $8 billion to $13 billion every year....
>Last December, the Minnesota Supreme Court issued a ruling "that sent tremors >through the not-for-profit world" when it said that a small nonprofit day-care >center had to pay taxes because it charged every parent the same price, >regardless of their incomes, reports the NYT. Now Congress is also looking >into the issue by inquiring how churches spend their money, debating if >universities should be required to spend a minimum percentage of their >endowments and looking into whether nonprofit hospitals should really be >exempt from taxes when they operate pretty much the same way as their >for-profit counterparts. Tax assessors say it's getting increasingly difficult >to figure out who qualifies for exemption when many nonprofits are doing the >same work as for-profit institutions.< -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
