Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Citation
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Parent Document
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Jurisdiction
- Kentucky (state)
- Effective Date
- 1965-02-19
Other Sections in This Document (25)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
- Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
Full Text
807 chars. In order to make possible the financing that was required for construction of the motel, Jefferson and the Air Board entered into a contractual arrangement whereby (1) the Air Board conveyed 10 acres of relatively unimproved ground to Jefferson, (2) Jefferson built a 198-unit motel at a cost of $971,922.35 ($850,000 of which was obtained through a mortgage loan), (3) Jefferson conveyed the property back to the Air Board (subject to the mortgage), and (4) the Air Board then leased it to Jefferson for a term of 20 years with three 5-year extension options. Jefferson pays all the loan installments, reimburses the Air Board for all fire and extended coverage insurance premiums, and pays rent at the rate of $6,000 per an-num or 10% of the gross revenues from the property, whichever is the greater. 2