Submitted by Loveroffinerthings t3_10i5v41 in RhodeIsland
Proof-Variation7005 t1_j5lxcsp wrote
Reply to comment by Flashbulb_RI in What’s happening with this Bintimani/AS220 drama? by Loveroffinerthings
I was pointing out that they haven't kept every business open. Can't help but notice you skipped right past my point about the property taxes though
Flashbulb_RI t1_j5lz2fc wrote
My understanding (I'm not a tax expert) is that when a non profit owns a building (Brown or AS220) and rents out that building (or a portion of) to a for profit business such as a restaurant, that property is taxed at the normal commercial rate.
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