Posted Tuesday, January 11, 2005 11:06 AM | 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.
Read more from The News-Herald.
Tuesday, January 11, 2005 12:12 PM
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.
Tuesday, January 11, 2005 12:57 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?
Tuesday, January 11, 2005 1:03 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
Tuesday, January 11, 2005 1:50 PM
"Increases or enhances"...so why would they have to pay taxes on the Boomerang or on RWB....;)
Tuesday, January 11, 2005 1:56 PM
The "park" doesn't have to pay anything new. This is the former owner, Six Flags.