You Have GOT TO BE KIDDING (link)
Posted: Wed May 30, 2012 2:47 am
http://www.kutv.com/news/features/local ... _797.shtml
The arm of the LDS Church which served as "master developer" of Utah's newest and most elaborate shopping, residential and office complex has federal "tax exempt" status.
In response to questions from 2News, City Creek Reserve Inc, or CCRI, revealed it's a "non-profit corporation."
As such, CCRI Spokesman Dale Bills noted the company "pays property and sales taxes." But it appears CCRI may not pay federal income taxes.
If City Creek Reserve makes money, it will go the LDS Church.
The arm of the LDS Church which served as "master developer" of Utah's newest and most elaborate shopping, residential and office complex has federal "tax exempt" status.
In response to questions from 2News, City Creek Reserve Inc, or CCRI, revealed it's a "non-profit corporation."
As such, CCRI Spokesman Dale Bills noted the company "pays property and sales taxes." But it appears CCRI may not pay federal income taxes.
If City Creek Reserve makes money, it will go the LDS Church.