Friday, June 01, 2007

Princeton eating club qualifies for tax-exempt status - Newsday.com

Princeton eating club qualifies for tax-exempt status - Newsday.com: "NEWARK, N.J. -- An exclusive Princeton club is entitled to tax-exempt status as a historic site because it met the standards that were in place when it applied for a break on property taxes, the state Supreme Court ruled Wednesday.

The 7-0 ruling by New Jersey's highest court is a victory for University Cottage Club, one of about 10 private clubs that have served generations of Princeton University students and alumni."

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