Tax Alert: Changes Affecting Property Tax Exemptions in 2013

As the end of the year approaches, nonprofits engaged in conservation efforts should take note of changes affecting property tax exemptions in 2013.  Recent changes include an ammendment to the Revenue and Taxation Code that expressly allows certain revenue-producing activities on lands exempt under the welfare exemption, and relief for nonprofits entering into operating agreements with the Department of Parks and Recreation.

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