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Home / Courts / Taxation – Real Property – Charitable Exemption – Low-Cost Housing – Subsidiary LLC (access required)

Taxation – Real Property – Charitable Exemption – Low-Cost Housing – Subsidiary LLC (access required)

In re Appeal of NC Yadkin House, LLC Although legal title to the apartment complex in question resides with the appellant N.C. limited liability company, “ownership” of the complex may be imputed to the parent corporation, an organization recognized by the IRS as nonprofit.

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