011-14 Wyo. Code R. § 14-16

Current through April 27, 2019

Section 14-16 - Nonprofit corporations - W.S. 39-11-105(a)(xxxv)

(a) In order to be exempt under this section, the corporation shall demonstrate:

• (i) income tax exempt status authorized by the Internal Revenue Service as a "501(c)(3)" corporation; and

• (ii) the property is owned and used by the corporation to serve persons with disabilities, mental illness, substance abuse problems, or family violence problems; and

• (iii) the extent to which the property is operated without any element of private profit, and primarily for non-commercial purposes as limited and defined by Section 23 of this Chapter.

(b) Housing made available to persons with disabilities, mental illness, substance abuse or family violence problems is not exempt if the residents provide their own furnishings, and are charged for the cost of operating the housing project, which constitutes a commercial enterprise, even if operated on a non-profit basis with reduced charges.

011-14 Wyo. Code R. § 14-16

Amended, Eff. 4/7/2015.