APPEAL OF: GRANDFATHER MOUNTAIN STEWARDSHIP FOUNDATION

IN THE MATTER OF THE APPEAL OF: GRANDFATHER MOUNTAIN STEWARDSHIP FOUNDATION, INC.

North Carolina Court of Appeals, No. COA13-1447, August 19, 2014: property not wholly and exclusively used for educational or scientific purposes subject to property taxes

The court accepted findings of substantial retail and commercial activity on the property, including profit from retail sales in excess of one million dollars. Accordingly, it held that the property was not “wholly and exclusively” used for educational and scientific purposes, as required under North Carolina statute to be eligible for a property tax exemption.

Decision available at http://appellate.nccourts.org/opinions/?c=2&pdf=31456.

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