The Front Porch

Promoting some old-fashioned hospitality and neighborly banter in Morrison Ranch

Thursday, February 17, 2005

The Mister Will Be So Relieved

As I was following the hubbub around the Extreme Makeover project here in Gilbert, the Mister was worrying that family might be getting a gift that they couldn't afford. What if the property tax bill, the electicity bill for air conditioning, and most importantly, the IRS bill for prize monies was more than the family could pay? Would they have to sell the house? He will be so happy to see this:

Producers also made sure the family wouldn’t have to pay income tax. While property tax still applies, Forman said ABC leased the house from the family for 12 days and tax law allows improvements made by a renter to be tax-free for the owner.

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