Slavery museum loses tax-exempt status

FREDERICKSBURG, VA (WWBT) - Another set back tonight for former Governor Doug Wilder's plans for a National Slavery Museum in Fredericksburg.

The IRS has revoked the museum's federal tax exempt status, meaning the museum can not receive tax-deductible charitable contributions. The IRS revokes the status if an organization fails to file for three years.

The museum is in Chapter 11 bankruptcy for its $7 million debt. The IRS says organizations may apply to regain their tax-exempt status.

In a recent plan filed in court to get out of bankruptcy, the museum pledged to raise $900,000 a year.

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