Childcare center owned and operated by for-profit LLCs is exempt

Real estate owned and operated by for-profit limited liability companies for the provision of a licensed childcare program is exempt from real estate tax, the Minnesota Tax Court has held. Nonprofit ownership or operation is not required for exemption of “seminaries of learning” under state law, it said.

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May 30, 2025

The loan agreement says: “All contractual rates of interest chargeable on the outstanding Term Loans shall continue to accrue and be paid even after default, maturity, acceleration, judgment, bankruptcy, insolvency proceedings of any kind or the happening of any event or occurrence similar or dissimilar.”

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Childcare center owned and operated by for-profit LLCs is exempt

Childcare center owned and operated by for-profit LLCs is exempt