Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'welfare exemption'

Third Party Operators Not Required to File for Welfare Exemption

November 7th, 2016 · Comments Off on Third Party Operators Not Required to File for Welfare Exemption · new development, Property tax exemption, SBE, third party operator

The following summarizes a recent development in the state law for property tax exemption, otherwise known as the welfare exemption.   General Law.  Properties are exempt from property taxes if two conditions exist.  First, the property must be used exclusively for charitable purposes (the “operated” requirement).  Second, the property must be owned by entities that […]

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