2005 Idaho Code - 63-602C — PROPERTY EXEMPT FROM TAXATION -- FRATERNAL, BENEVOLENT, OR CHARITABLE CORPORATIONS OR SOCIETIES

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 6
                           EXEMPTIONS FROM TAXATION
    63-602C.  PROPERTY EXEMPT FROM TAXATION -- FRATERNAL, BENEVOLENT, OR
CHARITABLE CORPORATIONS OR SOCIETIES. The following property is exempt from
taxation: property belonging to any fraternal, benevolent, or charitable
corporation or society, the World War veteran organization buildings and
memorials of this state, used exclusively for the purposes for which such
corporation or society is organized; provided, that if any building or
property belonging to any such corporation or society is leased by such owner
or if such corporation or society uses such property for business purposes
from which a revenue is derived which, in the case of a charitable
organization, is not directly related to the charitable purposes for which
such charitable organization exists, then the same shall be assessed and taxed
as any other property, and if any such property is leased in part or used in
part by such corporation or society for such purposes the assessor shall
determine the value of the entire building and the value of the part used or
leased for commercial purposes. If the value of the part used for commercial
purposes is determined to be three percent (3%) or less than the value of the
entirety, the whole of said property shall remain exempt. If the value of the
part used for commercial purposes is determined to be more than three percent
(3%) of the value of the entirety, the assessor shall assess such
proportionate part of such building including the value of the real estate as
is so leased or used for such purposes, and shall assess the trade fixtures
used in connection with the sale of all merchandise; provided however, that
the lease or use of any property by any such corporation or society for
athletic or recreational facilities, residence halls or dormitories, meeting
rooms or halls, auditoriums or club rooms within the purposes for which such
corporation or society is organized, shall not be deemed a business or
commercial purpose, even though fees or charges be imposed and revenue derived
therefrom.