10-4-11. Residential and mercantile property belonging to societies taxable.
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/sd/title-10/chapter-10-4/10-4-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any property owned by any society or institution described in §§ 10-4-9 to 10-4-9.3 , inclusive, shall consist of hotel or residence property, or any other class of retail business and such property is used or owned primarily for the purposes of revenue, and not for the primary object of such charitable, benevolent, or religious society, it shall be taxed as other property of the same class is taxed.