Monday, May 20, 2013

New Jersey mayor calls nonprofits to pay more in taxes

In his state of the township speech, Lawrence, New Jersey Mayor Jim Kownacki suggested the city’s weak budget is partially attributable to the fact that it loses $287 million in property taxes because of local nonprofit property tax exemptions. However, Kownacki was quick to explain that he wasn't trying to attack nonprofit organizations and he acknowledged that nonprofits “do a lot of work for [the community] and help us in a lot of ways.”

Lawrence officials have asked the community’s nonprofit organizations for financial help in the past by asking that the organizations donate a certain percentage of the property taxes they would owe if not for the exemption.

Does this proposed collaboration between the public and nonprofit sector conflict with any of the justifications for the charitable tax exemption?

http://www.nj.com/mercer/index.ssf/2013/05/lawrence_mayor_asks_nonprofits.html

dab 

http://lawprofessors.typepad.com/nonprofit/2013/05/new-jersey-mayor-calls-nonprofits-to-pay-more-in-taxes.html

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