Click here to advertise on CatholicCulture.org

Assessor: San Francisco archdiocese owes up to $15M

Catholic World News - January 14, 2009

San Francisco Assessor-Recorder Phil Ting has announced that the Archdiocese of San Francisco owes the city up to $15 million in taxes for transfers of 232 properties among three nonprofit corporations. “San Francisco Recorder Phil Ting has taken a step that is unprecedented in the history of the State of California. He has determined that an internal reorganization of Church property, within the family of corporations of the Archdiocese of San Francisco, constitutes a 'sale' and is subject to a property transfer tax,“ said an archdiocesan spokesman. “The law is overwhelmingly in favor of the archdiocese in holding that Church property transfers of this nature are exempt from transfer taxes.”

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Toward a more vibrant Catholicism 17 hours ago
Saved by ordination 21 hours ago
Reparative therapy on the run 21 hours ago
Mandatory spacing of children: could it happen here? May 29
Reading The Diary of a Country Priest: Spiritual riches and poverty May 28

Top Catholic News

Most Important Stories of the Last 30 Days