Christopher John Stracco and Michael James Guerriero wrote the article, “1 Size Does Not Fit All NJ Hospital Property Tax Exemptions,” in Law360. The article discusses a decision issued on June 26 by the Tax Court of New Jersey that could have far ranging impact on other nonprofit hospitals in New Jersey. The Tax Court of New Jersey invalidated a significant portion of the real property tax exemption of Morristown Medical Center, a facility which is part of the Atlantic Health System. The Tax Court found that certain aspects of the hospital were making profit, which disqualified it from qualifying for a non-profit.
Day Pitney Alert
The ABA recently published the 25th Edition of The Property Tax Deskbook.
On November 18, the Morris County Bar Association will hold their 2020 Legalpalooza.
Christopher Stracco and Katharine Coffey co-authored article, "COVID-19 and Its Impact on Real Estate," for the Real Estate Finance Journal.
Day Pitney Advisory
Adam Myron, senior counsel resident in Day Pitney's West Palm Beach office, is running for judge in south Florida.
Day Pitney Press Release
Katharine Coffey and Christopher Stracco, both partners at Day Pitney, were quoted by Law360 in the article, "Virus Creates Opening For Office Market In NJ Suburbs."
Joshua Cohen was quoted in the American Bar Association Journal, the online publication for the American Bar Association.
On July 15, the New Jersey Supreme Court issued its much awaited decision in Christian Mission John 3:16 v. Passaic City. The court granted certification on an appeal from the Appellate Division, which affirmed a decision of the Tax Court rejecting a property tax exemption for a church in the City of Passaic.