Because state law requires an entity wishing to engage in certain activities to be a nonprofit, but federal tax exempt status is not available for the activity. Think needle exchanges, or cannabis dispensaries.
Submitted by:
Rosemary Fei
Add new comment
Sign-up for our weekly Q&A; get a free report on electioneering
Comments
Because state law requires an entity wishing to engage in certain activities to be a nonprofit, but federal tax exempt status is not available for the activity. Think needle exchanges, or cannabis dispensaries.
Add new comment