A not-for-profit corporation such as a church or ministry may be exempt from ________.

Question

Quizplus · Accepted Answer

Not-for-profit corporations such as churches or ministries may be exempt from property tax because they are not generating profits or income from the property. However, they may still be subject to other types of taxes such as income or sales tax. Inheritance tax, dividend tax, and value-added tax are unlikely to be applicable to a not-for-profit corporation.

A Not-For-Profit Corporation Such as a Church or Ministry May