Monthly Management Newsletter - July 2008

A Minnesota Supreme Court ruling recently stated that federal tax-exempt status as a public charity does not necessarily translate into exemption from state property taxes. While this may appear to be an isolated matter - one child care provider, one state, and only property taxes - the implications are significant. Executives of not-for-profit behavioral health and social service organizations would be wise to keep an eye on the growing scrutiny of tax status and its many financial implications. The issue is getting more and more attention in many quarters: Local governments, squeezed for tax revenues . . .
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