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riversedge

(70,197 posts)
Mon Jul 17, 2017, 08:56 PM Jul 2017

Could a $10 sale mean no more taxes for Noahs Ark theme park?

Source: Lexington Herald Leader









July 17, 2017 3:05 PM




On June 29, Williamstown City Attorney Jeffrey Shipp sent a letter to the Biblical amusement park Ark Encounter, rejecting their request to be exempted from a new safety tax because they are a religious organization.

Shipp said it was clear that Ark Encounter is a for-profit entity, which is how it has been listed with the Secretary of State’s office since 2011.

But the day before, Ark Encounter LLC sold its main parcel of land — the one with the life-size Noah’s Ark — for $10 to their non-profit affiliate, Crosswater Canyon. Although the property is worth $48 million according to the Grant County Property Valuation Administrator, the deed says its value is only $18.5 million.

That’s the latest salvo in an escalating argument between local officials and Ark Encounter, but some are worried Ark Encounter’s maneuver is a precursor to declaring itself exempt from all taxes, including property taxes that help fund Grant County schools.......................




Read more: http://www.kentucky.com/news/state/article161782438.html#storylink=cpy



whow. this is sickening if this happens (tax exempt).



Visitors entered on July 6, 2016, the opening day of the Ark Encounter near Williamstown. The attraction features what creators say is a life-size depiction of the boat that Noah and his family would have traveled on during a biblical flood, including dinosaurs that they claim existed at the time. Charles Bertram cbertram@herald-leader.com
State




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Could a $10 sale mean no more taxes for Noahs Ark theme park? (Original Post) riversedge Jul 2017 OP
Protest at the Ark Encounter park.................. riversedge Jul 2017 #1
I foresee problems for the Armageddon Theme Park Sneederbunk Jul 2017 #2
The county should make the access road a toll road. Ten dollars a head. Hassin Bin Sober Jul 2017 #3
good idea rurallib Jul 2017 #4
Ahhhh what an idea! nt 7962 Jul 2017 #8
More self described "christians".... SergeStorms Jul 2017 #5
Cheating for Jesus...... yellowcanine Jul 2017 #6
Jesus is consulting with this lawyers FakeNoose Jul 2017 #13
ahh but they $10 sold to a 'non-profit religious group' and they will win vs the county Sunlei Jul 2017 #7
The "$10.00 sale" is a common practice everywhere. I've done it many times in business. 7962 Jul 2017 #9
Nonprofits can have receipts exceeding costs. Cicada Jul 2017 #16
The idiocy of having dinosaurs SCVDem Jul 2017 #10
They should put it in the water.... Historic NY Jul 2017 #11
It's concrete. Girard442 Jul 2017 #12
Noah didn't use concrete, did he? Historic NY Jul 2017 #17
Believe it or not...... SergeStorms Jul 2017 #18
Please do not confuse with Noah's ark water park in Wisconsin. dembotoz Jul 2017 #14
I'm not a lawyer ...... but jb5150 Jul 2017 #15
Hold Services inside of it. maxsolomon Jul 2017 #19
Guess what you Bible-beating fucking hicks? YOU GOT PLAYED, YOU FUCKING MORONS hatrack Jul 2017 #20

riversedge

(70,197 posts)
1. Protest at the Ark Encounter park..................
Mon Jul 17, 2017, 08:59 PM
Jul 2017




Embed code



http://www.kentucky.com/news/state/article160298584.html

Protest at the Ark Encounter park
Jul 08, 2017
Group protests the anniversary of the opening of the Ark Encounter park in Williamstown.
aslitz@herald-leader.com

Read more here: http://www.kentucky.com/news/state/article160298584.html#storylink=cpy

SergeStorms

(19,199 posts)
5. More self described "christians"....
Mon Jul 17, 2017, 09:13 PM
Jul 2017

lying and cheating the hand that fed it. This ought to go over like a fart in church.

Sunlei

(22,651 posts)
7. ahh but they $10 sold to a 'non-profit religious group' and they will win vs the county
Mon Jul 17, 2017, 09:23 PM
Jul 2017

because people can 'donate' anything they want to charity.

County officials you're stuck with a giant TAX FREE Ark

 

7962

(11,841 posts)
9. The "$10.00 sale" is a common practice everywhere. I've done it many times in business.
Mon Jul 17, 2017, 09:49 PM
Jul 2017

The amount can be anything, even ONE dollar. Its a formality.

Now, i dont have a problem not taxing a church, but it should only be the actual CHURCH and not any other property the church owns.
If this ark attraction is truly non-profit, then they have to prove they're not making any profit. From what I've seen and read, they're making plenty of money. Wheres it going??

Cicada

(4,533 posts)
16. Nonprofits can have receipts exceeding costs.
Mon Jul 17, 2017, 11:14 PM
Jul 2017

The Red Cross can receive a billion in donations and spend only half and still be a tax exempt non profit. The test is what the receipts are for. If the purpose is charitable, not to enrich individuals, then the organization is tax exempt. But if they have profit from a business not related to their charitable purpose then those profits are taxable.

Tax on property rather than income has different rules in different states.

 

SCVDem

(5,103 posts)
10. The idiocy of having dinosaurs
Mon Jul 17, 2017, 09:50 PM
Jul 2017

mingling with humans was just too much for any reality based believers.

Schadenfreude is when the 'holier than thou' get hoisted on their own petard.

I do feel sorry for the citizens who voted NO on this boondoggle.

SergeStorms

(19,199 posts)
18. Believe it or not......
Tue Jul 18, 2017, 12:27 AM
Jul 2017

they've made boats from concrete before, with some success. It's just water displacement, and concrete can displace water just like any other material. Google it.

hatrack

(59,584 posts)
20. Guess what you Bible-beating fucking hicks? YOU GOT PLAYED, YOU FUCKING MORONS
Tue Jul 18, 2017, 07:24 PM
Jul 2017

No sympathy - zero - nada - zilch ever.

You made your manger, so go lie in it.

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