A limited liability company that has a 501(c)(3) charity as its sole member is not entitled to a charitable real estate tax exemption on property owned by the LLC, the Court of Appeals in Michigan has ruled. It has affirmed a ruling by the state Tax Tribunal denying the requested exemption on the basis that the LLC is not itself a charity. An ice hockey arena is owned by Plymouth AC, LLC, a Colorado limited liability company of which USA Hockey Foundation is the sole member. The property is leased to the Foundation for its activities. The Foundation is a 501(c)(3) nonprofit charitable and educational organization formed to help promote amateur hockey in the nation. Michigan state law allows...