Appalachian Mountain Club v. Meredith

By statute the personal property of religious, educational and charitable societies locally incorporated or organized, and their real estate owned and occupied (RSA 72:23), or owned, occupied and used (Laws 1957, c. 202, s. 2) by them for their charitable purposes were tax exempt for the tax years in question, provided none of the income or profits of their business was used or appropriated for other than the charities they administered. Since the 1957 amendment (Laws 1957, supra) took effect on April 1, 1958, the petitions relating to the years 1956 and 1957 are governed by the statute…