Prior to court ruling, foundations were tax exempt
By Stephen Lega
Wednesday, June 26, 2013 at 5:00 am (Updated: June 26, 5:02 am)
The Marion County Industrial Foundation will be getting a property tax bill for the first time this year.
“We’ve been tax exempt,” said Tom Lund, Marion County Economic Development Director, in a phone interview.
That changed following a Kentucky Supreme Court decision earlier this year in a case that originated in eastern Kentucky. In that decision, the court ruled that industrial foundations are not tax exempt.
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