Tax Court ruling affects Indiana nonprofits that rent space

The Indianapolis Star reports:

The Indiana Tax Court has issued a decision that could benefit nonprofits across the state.

The tax court ruled that landlords who rent property to nonprofits can qualify for property-tax exemptions. Previously, properties leased by nonprofits were not granted exemptions.
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The effects could be widespread, according to two experts on tax law, but they had no information on how many nonprofits could be affected.

Nonprofits that rent ultimately will benefit because most leases require the nonprofits -- not the landlords -- to pay the property taxes, the experts say.

An interesting article for those in the nonprofit world.