Slabbed has another story coming on the Bay Waveland Yacht Club exemption but we are waiting for Paul Hampton over at the Sun Herald to check in on the sail boat donation. We’ll see.
Belcher snagged quotes from Jimmie Ladner and Yacht Club Treasurer Chris Roth which is good. Slabbed has some additional quotes to share from Jimmie while Lana got an important clarification from the Mississippi Department of Revenue. We also are in the final stages of information gathering on how the by law change went down at the Yacht Club. This is really a discussion that should have taken place in October 2015 at a Supervisor’s meeting that is open to the public but that never happened folks so we’re going to have it now.
If you are a church or a 501(c)(3), I would urge you to read Mississippi Code Ann. Section 27-31-1, which has the property tax exemptions listed. I imagine there will be some fear mongering and there is no reason for that. Churches are exempt as would most 501(c)(3) organizations.
Finally folks, consider what the statute that Jimmie Ladner is relying upon actually says because there are words after “fraternal and benevolent organization” that are very important and they appear in the very code section (MCA 27-31-1(d)) that Ladner told Slabbed he relied upon to grant the tax exemption to the Yacht Club:
All property, real or personal, owned and occupied by a fraternal and benevolent organization, when used by such organization, and from which no rentals or other profits accrue to the organization, but any part rented or from which revenue is received shall be taxed. (Emphasis added)