River Valley Fitness One Ltd. Pship v. City of Lebanon (In re River Valley Fitness One Ltd. Pship)
Mar
07
2006
Ruling
Court found that the debtor's tax liability to a city for its fitness club space was to be determined from the rental value of the space, which was based on the actual income of the debtor's fitness club operations.
Procedural posture
Pursuant to 11 U.S.C. § 505(a), plaintiff debtor commenced an adversary proceeding against defendant city seeking to have the bankruptcy court determine the debtor's tax liability to the city for tax years beginning April 1, 2001, 2002 and 2003 and any subsequent tax years and reduce the debtor's tax assessment to reflect the market value of the debtor's real property adjusted by the city's equalization ratio.
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Court
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