The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of dollars. President Trump has questioned whether it should enjoy that status.
The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.
Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...
Ohio is also a home rule state, which means some exemptions, like tax abatements for new development, are decided locally. Others are simply a matter of circumstance. Franklin County, home to the ...