Thursday, April 10, 2008

Finance and Commerce

Finance and Commerce: "Officials at some 400 Minnesota arts and human services nonprofits are on edge these days as they await word on whether they’ll lose millions annually in sales and property tax exemptions.

The amount of savings Minnesota nonprofits see because of the exemptions is not small: Golden Valley-based Courage Center, which provides rehabilitation and vocational services for people with disabilities, would lose more than $1.7 million annually if the exemptions are removed permanently, according to John Tschida, senior director of public affairs and research."

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