Land must meet which two tests to be considered tax exempt

Assignment Help Operation Management

Reference no: EM131632570

1. Which of the following is the best description of the current legal situation regarding tax exemption for real estate (land) owned by a charitable corporation?

a. The standards and interpretations vary from state to state and case to case.

b. Federal law controls what property is exempt.

c. The meaning of "exclusive use for charitable purposes" is pretty clearly defined by law.

d. If a charity owns the property, it does not matter how the property is being used.

2. In most states, a charity's land must meet which two tests to be considered tax exempt?

a. It must actually be owned by the charity and used for a charitable purpose.

b. It must be used for a hospital, and the hospital must be affiliated with a church.

c. It must be used for healthcare purposes and no private individuals can be part owners.

d. It must be used for education and no political activities can be conducted on the grounds.

Reference no: EM131632570

Questions Cloud

What is innovation and who can be innovative : What is innovation? Who can be innovative? Use your Innovation Journal to complete this task. find a product or process that needs to be innovated.

Democratic and capitalist vs a communist dictatorship : Its is naive to say that fear and mistrust were the basic causes of the origins and continuation Cold War;

What causes migraine headache : What causes migraine headache? Discuss its signs, precipitating factors, and treatment. Discuss the role of analgesic drugs. Prepare a report in a three page.

Deontological and a utilitarian theoretical perspective : Present a pro/con oral argument, through both a deontological and a utilitarian theoretical perspective, about the government using enhanced interrogation.

Land must meet which two tests to be considered tax exempt : In most states, a charity's land must meet which two tests to be considered tax exempt?

Discuss about the clasical and modern liberalism : Discuss about the clasical and modern liberalism. Distinguish the specific characteristics of clasical and modern liberalism.

What could be the resultant outcome : Why is it so important to have clean data? If the data is not "clean" what could be the resultant outcome?

Concern for health administrators today : When you hear the term taxation, you might assume it is a concern for accountants, but it is also a concern for health administrators today.

The charity petition for exemption from real estate taxes : what is the most likely result of the charity's petition for exemption from real estate taxes?

User Account

All Pages