Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > C > 250.0000 COLLEGE EXEMPTION > 250.0021

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

A    B    C    D    E    F    G    H    I    L    M    N    O    P    R    S    T    U    V    W   

C

250.0000 COLLEGE EXEMPTION

Annotation 250.0021

250.0021 Student Bookstore. The college exemption is available to college-owned realty, improvements, fixtures and equipment used in a college bookstore, even though the store is operated by a for-profit entity. Similar property used in such a bookstore but not owned by the college is subject to tax, as is college-owned book store property used to generate unrelated business taxable income as defined in the Internal Revenue Code. C 5/16/1990.