Tax-exempt Pres House voluntarily pays city $30,000
Pres House Apartments, a tax-exempt, church-owned student apartment building, will voluntarily give $30,000 to the city of Madison this year.
The city of Madison and the Pres House arranged a program where a tax-exempt organization makes voluntary payment for city services like street lighting and the police department, according to Ald. Scott Resnick, District 8.
Because Pres House residents do not have to belong to the Presbyterian Church, the city originally determined the Pres House would pay taxes. In 2009, The Pres House received tax-exempt status, though, and Gov. Scott Walker vetoed a budget change last June that would have removed the organization’s tax-exempt status.
According to Resnick, Pres House’s board felt it was appropriate to support the city and be a good neighbor to the Madison community.
“When someone is voluntarily going to make payments when they don’t have to, I’m going to accept them,” Resnick said. “We’re not turning away the money.”
Tax-exempt Pres House voluntarily pays city $30,000
Pres House Apartments, a tax-exempt, church-owned student apartment building, will voluntarily give $30,000 to the city of Madison this year.
The city of Madison and the Pres House arranged a program where a tax-exempt organization makes voluntary payment for city services like street lighting and the police department, according to Ald. Scott Resnick, District 8.
Because Pres House residents do not have to belong to the Presbyterian Church, the city originally determined the Pres House would pay taxes. In 2009, The Pres House received tax-exempt status, though, and Gov. Scott Walker vetoed a budget change last June that would have removed the organization's tax-exempt status.
According to Resnick, Pres House's board felt it was appropriate to support the city and be a good neighbor to the Madison community.
"When someone is voluntarily going to make payments when they don't have to, I'm going to accept them," Resnick said. "We're not turning away the money."
tags: Pres House Apartments, student housing, apartments, Scott Resnick, District 8, taxes, tax-exempt
