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[QUOTE="HtownOrange, post: 5528657, member: 622"]
It's not really a threat, it is a fact.  Many schools own property, as do many governments, that make profits and taxes are paid on them.  Some schools own businesses, too, and again, taxes are paid.  The congressional warning is far more substantive than a threat.

A tax expert can explain this far better, and I defer to a tax expert, my understanding is generally that if the property or business is used for school mission purposes, the the property/business is tax exempt.  If the property/business is for profit, the hey are taxed.

Many Agriculture schools sell of their products but the money is plowed back into the school, no profits are actually realized.  Meanwhile, they own shopping plazas and collect rents and operate stores, not school related, so they pay taxes.

I assume that one people can profit from the school's Athletics Department, there no longer exists a true altruistic motive.  That line is pushed based on salaries, exorbitant travel benefits, and opulent buildings and offices.  Removing any doubt by paying profits seems to destroy the tax exempt premise.  Again, I defer to tax pros who may wish to correct my over simplification.
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