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SUPCO: Charter School Management Firm May Not Claim Tax Exemption

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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.

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