Re: Taxing non profits does your state and your opinions

Posted by TomH in PA on March 21, 2015 at 08:02:28 from (67.234.37.0):

In Reply to: Taxing non profits does your state and your opinions posted by jocco on March 21, 2015 at 06:43:36:

As I understand it, "non-profit" primarily means:

1) It provides some benefit to the community
2) It can make a profit. But that cannot be distributed to the owners, it has to be reinvested in the non-profit (however, owners can work for the non-profit and collect a "reasonable" salary)
3) The owners get a lot of protection from liability.
4) It is exempted from paying some or all state and local taxes

I think the question is whether the community receives sufficient benefit from the non-profit's activities to offset the loss of tax revenue. It seems to me that instead of a blanket exemption, the non-profit should have to document the value of that benefit and get a tax credit for that amount. But (as you say) that's a big can of worms.

Does my local watershed association's river cleanup activities benefit me enough to offset the property tax on their headquarters? I might think so; the jerk who tosses a few old tires over a bridge railing might disagree.

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