JUMP is the acronym for “Jack’s Urban Meeting Place.” The $62.5 million building and surrounding land is owned by the J.R. Simplot Foundation. Ada County claimed the structure did not qualify for a charitable tax exemption because it was under construction and not being used exclusively for charitable purposes. They reduced the value of the project to $40,000,000 for tax purposes, but the appeal granted TOTAL exemption.
The Simplot organization filed an appeal with the State Board of Tax Appeals. In the appeal JUMP said they conducted multiple tours of the facility during 2015, allowed BSU engineering classes to visit during construction for educational purposes and otherwise qualified for the exempt status. The State Board agreed, calling both the facility and the use during construction “unique.”
The decision will affect not only the loss of tax revenue to local governments, but the basis for calculating urban renewal funds and local budget increases.
The facility will provide space for artists of all kinds to ply their craft and display their works.
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