Court Opinion

ID: 9457057
Source: CourtListenerOpinion
Date Created: 2023-08-04 20:11:03.804394+00
Date Added: 2024-06-11T17:35:12.131697
License: Public Domain

CHAMBERS, Circuit Judge
(concurring) :
I concur in the result. If the Care company were actually paying currently the total cost of maintenance of sold lots, I would extend Revenue Ruling 58-190 to give Care income tax exemption.
He who buys “perpetual care” necessarily thinks the price he pays covers total care beginning now. When it does not and the sales company makes up the difference between cost of maintenance of sold lots and the income of the perpetual fund, charity becomes too intertwined with promotion. And, so I am not shocked by Care failing to get income tax exemption, which for practical purposes applies only to capital gains.
Of course, I do not mean to suggest that separate lawn mowers should be bought for sold and unsold lots. There could be a proper allocation of total costs.