1. Which of the following is the best description of the current legal situation regarding tax exemption for real estate (land) owned by a charitable corporation?
a. The standards and interpretations vary from state to state and case to case.
b. Federal law controls what property is exempt.
c. The meaning of "exclusive use for charitable purposes" is pretty clearly defined by law.
d. If a charity owns the property, it does not matter how the property is being used.
2. In most states, a charity's land must meet which two tests to be considered tax exempt?
a. It must actually be owned by the charity and used for a charitable purpose.
b. It must be used for a hospital, and the hospital must be affiliated with a church.
c. It must be used for healthcare purposes and no private individuals can be part owners.
d. It must be used for education and no political activities can be conducted on the grounds.