More Scrutiny of University Enterprise Tax Exempt Status
Pay up! We have from time to time noted the potential tax problems of the UCLA Grand Hotel project. More generally, there is growing scrutiny of commercial-type activity conducted by universities that claim tax exemptions. Inside Higher Ed today points to a court decision that questions Princeton’s tax exempt status. It links to a local New Jersey newspaper: A lawsuit that argues Princeton University violates the provisions of its tax-exempt status survived a university-led attempt to throw the case out Thursday. Plaintiffs in the case argue that, because Princeton is earning hundreds of millions of dollars in patent royalty income…