A Pair of Views in Defense of Untaxed Nonprofits
An Indiana legislator’s proposal to, in effect, tax nonprofits gets the bum’s rush from Indianapolis Business Journal editorialists, who worry about the bureaucratic burden that would result. They also observe that while the state has its share of deep-pocketed 501(c) organizations, there are many, many more that would be hurt seriously by even the tiniest unanticipated minor expenditure:
Granted, the not-for-profit sector has its share of haves along with the have-nots — those with multimillion-dollar budgets that don’t rely on public support and operate much like for-profit businesses. Although we’re skeptical of their certain outcry over [the proposed] legislation, the potential harm to other organizations is serious enough that lawmakers should stop it in its tracks.
Don’t rush into a decision that could hurt organizations that contribute to our community’s quality of life.
We just can’t afford it.
In Massachusetts, meanwhile, a pair of lawmakers want the Commonwealth to pay individual municipalities for revenue lost to nonprofit-owned property that they cannot tax. There’s just one problem:
Richardson’s bill comes at a time when the state’s $1.2 billion deficit diminishes the hope of any significant local aid increase, leaving towns hungry for new revenue.
Yeah, that’s an issue to consider. Stay tuned. | 501(c)
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