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5/17/2016 7:08:30 PM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949920
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| I believe you have arrived at the conclusion that should satisfy all who are wondering if we have to solicit outside use of our amenities to comply with the code. We can restrict membership in an OPA amenity if we chose to and not pay taxes until that particular amenity becomes profitable. Think boat ramp. All the rest, "Y'all come. We need the money." I'd love to see the YC or the course pay taxes. | ||||||
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For reference, the above message is a reply to a message where: Marty Common sense has nothing to do with anything and the IRS does not care at all about those things. For them it is simple... If the activity/amenity is available to the public it matches the reason for our tax exemption and is not taxable... no matter how large. If the activity is not available to the public, however, it is taxable. If it operates at a loss, the tax would be zero. Otherwise it would taxed at the appropriate rate. Jeff |
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