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Why wouldn’t they pay property taxes? I thought nonprofits only escaped income taxes because it was often donations?
by brightball 3y ago
Why wouldn’t they pay property taxes? I thought nonprofits only escaped income taxes because it was often donations?
- KMag 3y agoIt's the other way around. It's the non-profit part of the donations to non-profits that relieves the non-profit from paying taxes on the revenue, not the fact that it's a donation. If you somehow made a voluntary donation to, say, your local bar, the bar would still be taxed on that revenue (assuming it's not somehow a registered non-profit bar).