Court says Six Flags must pay property tax for Geauga Lake
Posted Tuesday, January 11, 2005 4:06 PM | Contributed by petie
The Ohio Supreme Court says that Six Flags must pay more than $2.5 million in taxes to Geauga County after the court decided a number of rides were subject to sales tax.
So... a financially troubled park will pay a ton in court costs AND possibly the $2.5 million. Hmm.. something tells be it'd be easier / cost-effective to just pay the $2.5 million and move on.
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Vernon
Tuesday, January 11, 2005 5:57 PM
"a permanent fabrication or construction, other than a building, that is attached or affixed to land, and that increases or enhances utilization or enjoyment of the land." If they ever moved the ride then would they pay the tax?
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dannerman
Tuesday, January 11, 2005 6:03 PM
From what I gathered in the article, the issue isn't if the rides are permanent or not - it's whether the rides enhance the intrinsic value/enjoyment of the land itself.. as it says in the article - if someone were to purchase the land with a different business than amusements, would they still benefit from the improvement? Most likely not, IMO
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rollergator
Tuesday, January 11, 2005 6:50 PM
"Increases or enhances"...so why would they have to pay taxes on the Boomerang or on RWB....;)
:)
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Jeff
Tuesday, January 11, 2005 6:56 PM
The "park" doesn't have to pay anything new. This is the former owner, Six Flags.