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Business, 12.11.2020 18:50 bighoneypadrick

A charitable corporation buys a new piece of land with plans to start building a hospital in two years. On the next property tax assessment date, the land is still vacant, and construction has not begun. In most states, what is the most likely result of the charity's petition for exemption from real estate taxes?A. Because the charity owns the land, the property is exempt. B. Because the land is not being used, the property is not exempt.
C. If building permits have been issued, the property is exempt.
D. If the charity is a church, the property is exempt.

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