Indiana Tax Court Reverses Site’s Charitable Exemption Determination

Indiana Tax Court Reverses Site’s Charitable Exemption Determination



An Indiana Tax Court recently reversed an Indiana Board of Tax Review’s final determination that concluded a low-income apartment complex owner failed to prove it qualified for a charitable purposes exemption. In 2007, the owner purchased a HUD site for low-income renters in the county. The owner didn’t receive tax credits when it bought the property but operated it as an LIHTC apartment complex.

Full Article Access:

Full access to complete articles from Tax Credit Housing Management Insider is for subscribers only.

Not yet ready to subscribe?

Topics