The Ohio Supreme Court has ruled a nonprofit property management company created by a charter school may not claim a school-related property tax exemption. The high court affirmed a state board's decision to deny a 2010 tax exemption to 250 Shoup Mill LLC, a corporation established by backers of Horizon Science Academy of Dayton. The justices found Shoup charged Horizon more than what it cost to operate and finance the school property.
SUPCO: Charter School Management Firm May Not Claim Tax Exemption
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