Does the ownership group have an exemption under the Internal Revenue Code of 1954 Sec 501 (c)?
–This section states that donations to the organization are tax deductible to the donor. 7A. If yes, give date of Internal Revenue ruling. –The date or the IRS number will suffice. 8. Does any other individual, association or corporation occupy or use any part of the premises? –Self-explanatory. 9. Is any income derived from the use of any portion of the property by other individuals or groups, whether considered as rent or reimbursement of expenses for services incurred? –Self-explanatory. 10. (A) We (do) (do not) ask that the real property covered by this affidavit be carried on the assessment rolls as exempt from taxation. –This is the official request for tax exemption as required by law. (B) We ask that the exemption be _________% of the total assessed value. –In some instances, only a portion of the property is eligible for the exemption, due to multiple uses of a building, for example. 11. Financial statement request. –This is necessary in order to determine that the orga
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- Does the ownership group have an exemption under the Internal Revenue Code of 1954 Sec 501 (c)?
