So last week we found out #KenHam had sold the land that his attraction was on to a non-profit that he owned to avoid paying #taxes . Well now this is happening. When he sold it to his own non-profit the Ark Encounter lost the tax incentives it had received as a for-profit which is estimated to be about $18 million over 10 years. From the article:
#Williamstown Kentucky officials decided to charge the Ark Encounter a $0.50 “safety fee” for each ticket sold, amounting to $700,000 that the Ark Encounter would owe the city each year. But according to Ham and his organization, they should be exempt from the tax since they are a non-profit ministry.
But as Mehta points out, the Ark Encounter “has legally been a for-profit business in order to receive a number of tax incentives from the city and state. … It’s not a church; it’s a money-making tourist attraction.” Nevertheless, Ham and his cohorts came up with an interesting scheme to avoid the tax (which is to sell it to his own non-profit). But the plan didn’t have its intended effect. On July 18, the #Kentucky Tourism, Arts, and Heritage Cabinet sent a letter to the Ark Encounter’s lawyers, informing them that as of July 10, they were “in breach of its Tourism Development Agreement… with the Commonwealth. On July 10, 2017, the Tourism, Arts, and Heritage Cabinet… became aware of a quit claim deed transferring the Ark Project land, with all the privileges and appurtenances to the same, from Ark Encounter, LLC, a for profit company, to #CrosswaterCanyon, Inc. a non-profit company,” the letter read. “We believe that your client is aware that they may not be eligible for state tax incentives if the Ark Project is owned by a non-profit legal entity,” the letter continued.
The letter then quoted from the Ark Encounter’s own website where it states the “for-profit LLC structure also allows the Ark Encounter to be eligible for various economic development incentives that would not have been available with a non-profit structure.” The Creationists running #ArkEncounter just screwed themselves out of $18 million over the next decade because they didn’t want to pay a local safety fee worth about 700,000 regran@classyatheist