Could a $10 sale mean no more taxes for Noah’s Ark theme park? | Lexington Herald Leader

On June 29, Williamstown city attorney Jeffrey Shipp sent a letter to the biblical amusement park Ark Encounter, rejecting its request to be exempted from a new safety tax because its is 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 Kentucky secretary of state’s office since 2011. But the day before, Ark Encounter LLC sold its main parcel of land — the one with the large-scale Noah’s Ark — for $10 to its nonprofit affiliate, Crosswater Canyon....
http://www.kentucky.com/news/state/article161782438.html