Which, if any, of the following transactions will increase a taxing jurisdiction's revenue from the ad valorem tax imposed on real estate?
A)A resident dies and leaves his farm to his church.
B)A large property owner issues a conservation easement as to some of her land.
C)A tax holiday issued 10 years ago has expired.
D)A bankrupt motel is acquired by the Red Cross and is to be used to provide housing for homeless persons.
E)None of these.

Question

Quizplus · Accepted Answer

A tax holiday is a temporary exemption from taxes that would normally be due. When the tax holiday expires, the taxing jurisdiction will once again collect revenue from the ad valorem tax imposed on real estate. The other options do not result in an increase in revenue from the ad valorem tax imposed on real estate.

Which, If Any, of the Following Transactions Will Increase a Taxing