I'm not really sure that's a complete solution. Couldn't you just spin up a 501 c3 org to hold onto properties until you want to do something with them, bypassing the LVT?
I wasn't suggesting a solution. I was just describing it as it is today. Presumably if you don't show 501c3 activities, you'd lose the status.
Any LVT would just involve scaling up land portion and setting building portion to zero in our current regimen. It wouldn't require anything novel. The 501c3 exemption is not something new I'm suggesting.
I'm not really sure that's a complete solution. Couldn't you just spin up a 501 c3 org to hold onto properties until you want to do something with them, bypassing the LVT?
I wasn't suggesting a solution. I was just describing it as it is today. Presumably if you don't show 501c3 activities, you'd lose the status.
Any LVT would just involve scaling up land portion and setting building portion to zero in our current regimen. It wouldn't require anything novel. The 501c3 exemption is not something new I'm suggesting.