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Tag: Finance Committee

SENATE COMMITTEE SCRUTINIZES TAX EXEMPTIONS FOR PRIVATE MUSEUMS

Posted on January 20, 2016 by Reed Homan

The Senate Finance Committee has recently set its sights upon nearly a dozen private museums opened and operated by individual collectors located all over the United States. The committee has begun scrutinizing and putting to question whether the tax-exempt status the museums enjoy “provides sufficient public benefit to justify what amounts to a government subsidy.”1…

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