Thursday, October 27, 2005

Now here's a truly unfair tax break for the wealthy

Court Upholds $3.5 Million in Tax Breaks for Clinton Library Construction

The Arkansas Supreme Court on Thursday upheld the legality of $3.5 million in tax breaks given to the William J. Clinton Presidential Foundation to build the Clinton Presidential Library.

The state's highest court heard arguments in the case — originally brought by the Clinton Foundation against the state Department of Economic Development in July 2002 — earlier this month.

At issue was a Pulaski County circuit judge's ruling last year that said the foundation qualified for economic incentives under the Arkansas Enterprise Zone Act of 1993. The decision by Circuit Judge Willard Proctor Jr. said ADED erred when it blocked the foundation's application for incentives on the grounds that the act did not allow nonprofits such as the Clinton Foundation to receive incentives.

“It’s the state’s contention that this program is not applicable to nonprofits,” former ADED Director Jim Pickens told Arkansas Business in 2002. “We took this to the Department of Finance and Administration to get the opinion of their attorneys, and they substantiated our opinion.”

Foundation leaders disagreed, and when Pickens refused to hold a formal hearing on the matter, they sued.

ADED appealed Proctor's 2004 decision to the Supreme Court, which finally heard arguments on the matter on Oct. 6.

3 comments:

Anonymous said...

N.J. students ordered to take down blogs
A Roman Catholic high school has ordered its students to remove personal blogs from the Internet in the name of protecting them from cyberpredators.
Find out how to buy and sell anything, like things related to quality assurance highway construction on interest free credit and pay back whenever you want! Exchange FREE ads on any topic, like quality assurance highway construction!

Rose Austin said...

Dear fellow blogger,

I perused your post with much interest as I was looking for ways to trade in tennesse road
. But unfortunately your post did not exactly cover trading in tennesse road
. Yet I have fount a website that allows you to trade in almost anything like tennesse road
on interest free credit, and you can pay for your tennesse road
whenever you want. Here is the link one more time: tennesse road
.

Charlton Glad said...

Dear fellow blogger,

I perused your post with much interest as I was looking for ways to trade in construction penndot photo road. But unfortunately your post did not exactly cover trading in construction penndot photo road. Yet I have fount a website that allows you to trade in almost anything like construction penndot photo road on interest free credit, and you can pay for your construction penndot photo road whenever you want. Here is the link one more time: construction penndot photo road.

About Me

My photo
I once was a Democrat then I grew up.

stuff


Free SEO Directory
Search Texas Blogs

RightyBlogs.com
hits