In a recent court case St. George’s Episcopal Church v. Town of Durham, the New Hampshire Supreme Court ruled that revenue from leased parking spots is taxable income to the church. In it’s ruling, the court said since the church only used the parking spots for six hours per week, the parking spots must be used more than “slightly, negligibly or insignificantly”, to maintain their tax exemption status. Furthermore, the court rejected the church’s argument that since revenue earned from leased parking spots was used for the church’s exempt purpose, the revenue was exempt from taxation.
While this case involves …read more
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