< 1 min read

Tensions between governments and nonprofits continue to mount; governments are looking at the tax-exempt status as something they will take away even from the "eds and meds."

"As the Nonprofiteer predicted long ago, the fights between local governments and nonprofit organizations over taxes are growing rather than subsiding.  This article about Louisiana's re-evaluation of property tax exemptions for nonprofits and this one about a Louisiana hospital's decision to give up its 501c3 status together demonstrate that the Nonprofiteer is always right---about nonprofit tax issues, at least.

"Municipalities and states are noticing the loss of revenue which accompanies having huge numbers of property-tax-exempt entities, and concluding that "eds and meds" may be a fine economic strategy but only if the institutions involved pay part of the freight."--Nonprofiteer, Chicagonow

Leave a Reply

Your email address will not be published. Required fields are marked *