Thursday, January 17, 2013

Golf courses fight to regain tax-exempt status

A pair of Knoxville golf courses are fighting to regain their tax-exempt status. They also want nearly half-a-million dollars in back taxes returned.

Cherokee Country Club has paid more than $300,000 in back taxes. Holston Hills has paid just over $50,000.

The courses paid the cash after their state comptroller's office removed their tax exemptions last year. However, the courses now say the so-called Greenbelt Law from 1976 protects them, meaning that ruling is wrong.

Source: http://eastknox.wbir.com/news/news/46697-golf-courses-fight-regain-tax-exempt-status

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