Assessor: San Francisco archdiocese owes up to $15M
CWN - 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.”
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