cpa
Active Member
W-O-W!!
Thank you for sharing.
That said, this is a lease with a governmental agency.
At least here in California, lessees of government property pay a possessory interest tax when they lease real estate from a tax-exempt government agency. This lease agreement could be in part a possessory interest charge since it is at a public airport that pays no property taxes.
But your point is well-taken.
Thank you for sharing.
That said, this is a lease with a governmental agency.
At least here in California, lessees of government property pay a possessory interest tax when they lease real estate from a tax-exempt government agency. This lease agreement could be in part a possessory interest charge since it is at a public airport that pays no property taxes.
But your point is well-taken.
