Tax-Free Charities Run Land-Office Businesses
Dr. Martin A. Larson warns Phoenix private real estate valued at about 54 billion assessed and 135 billion true is largely owned by churches and other nonprofits. He cites national religious wealth by group and argues growing tax exemptions burden property taxpayers. He cites broad nonprofit investments and critiques First Amendment implications of tax preferences.
MENTIONED IN THIS ARTICLE
Phoenix, Ariz
NANA
United States
Martin A. Larson
Phoenix
Detroit, Mich
Larson
Phil
Qliasis
California
Chicago
More Families Drawing From Private Wells
The water-finding divining rod may be a relic of the past but private wells grow stronger. Over 10 million families now use private water systems, double the number 15 years ago, due to lagging water mains and suburban growth. Benefits include unlimited usage and better pressure, with initial drilling costs offset by long term savings. Private wells offer freedom in site selection when building a home and no dependence on mains availability.
Building Rebuilding Real Estate Future Contracts In Western Area Down in January
New York reports January contracts for future construction in 11 western states totaled 759.92 million dollars, down 8 percent from January 1964. Nonresidential contracts rose 12 percent to 230.09 million, while nonbuilding contracts climbed 7 percent to 223.34 million. Residential building fell 26 percent to 306.40 million as single family home contracts offset gains in other subcategories.
MENTIONED IN THIS ARTICLE
New York
Rocky Mountains
Dodge
Bill Would End Tax-Free Bonds For Industry
Washington lawmakers Rep. Henry Reuss and Rep. Clement Zablocki introduced two bills to end tax-exempt state and municipal bonds for financing industrial and commercial projects. The measures, referred to Ways and Means, target deductions for rent payments and tax exemptions when proceeds fund facilities for private profit use.
MENTIONED IN THIS ARTICLE
Washington
Henry 8. Reuss
Clement J. Zablocki
Wis
Ways and Means
Wisconsin
Reuss and Zablocki
Also Mentioned on This Page
By Kenneth Arline
Church Enterprises
Allen
North Street
Noe
Warren Terrace
South St
Spadina Parkway
Mrs. Sternagle
Venience
Alton Sternagle
Main Road
Middlefield
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