RE: Ken Ham files lawsuit against Kentucky
February 7, 2015 at 5:35 am
(This post was last modified: February 7, 2015 at 5:43 am by Heywood.)
(February 6, 2015 at 3:50 pm)Esquilax Wrote: "Lying to the government in order to get special treatment is perfectly fine!" - Heywood, 2015.
Can you troll just a little harder?
(February 6, 2015 at 4:00 pm)SteelCurtain Wrote:(February 6, 2015 at 3:33 pm)Heywood Wrote: If Ham is inflating the numbers so what? The non inflated numbers still satisfy the requirements of the incentive program.
The inflated numbers tie directly to the amount of money that Ham feels he's due. The $18.25 million in tax breaks PLUS the $11 million interstate interchange that would have to be footed by the state are directly related to the amount of money that the "Ark Encounter" would generate for the community.
So if the state is to shell out $11 mil up front and $18.25 mil in tax incentives only to get about $4.9 mil in net fiscal impact over ten years, I think that's relevant.
The incentive is a rebate. Ark Encounters has to generate the sales tax revenue for the state. Once the state has it money from the attraction it will rebate some of it back. Ark Encounters gets nothing up front from the state. If they build the thing and generate 0 dollars in sales tax revenue cause no one shows up....they get 0 dollars rebated back to them even if they spent a billion dollars building the thing.
