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twoplustwo · 07-01-2008, 07:05 AM

So what happens when the non-profits sell their property? No doubt they got the land at an initial low price, if it wasn't donated. So when they sell their $10 million property, what happens?

If you're the Diocese of Manchester, you build another church down the road, pocket the cash, and let Rusty McLear add to the business taxes Meredith takes in. If you're tax exempt, you're tax exempt, right? Even if you have a massive HHH windfall.

07-01-2008, 07:05 AM	#25
twoplustwo Senior Member Join Date: Dec 2007 Location: Moultonborough Posts: 456 Thanks: 51 Thanked 39 Times in 21 Posts	selling So what happens when the non-profits sell their property? No doubt they got the land at an initial low price, if it wasn't donated. So when they sell their $10 million property, what happens? If you're the Diocese of Manchester, you build another church down the road, pocket the cash, and let Rusty McLear add to the business taxes Meredith takes in. If you're tax exempt, you're tax exempt, right? Even if you have a massive HHH windfall.