Course blog for American University PERF-570, Fall 2014
Here’s a really big “oh no” moment: the Richmond Performing Arts Center recently got a surprise tax bill for $1.75M.
The author of this article says he doesn’t understand how the theater ended up in this position. It sounds like the law is pretty straightforward, and if they had a for-profit arm, there should be an anticipation that they would be liable for taxes.
I work for an arts organization that lives in a city-owned building. If RPAC is anything like our organization, no one really knows who is responsible for what, when it comes to the city and the building. Just another example of how crucial it is to have well-trained management and experts who understand structures, legal issues, and taxation.