Home Essential support Ted Turner Donates Land to Nonprofit Organizations But Continues to Pay Taxes | New

Ted Turner Donates Land to Nonprofit Organizations But Continues to Pay Taxes | New

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Lincoln, Nebraska – Media mogul and billionaire bison rancher Ted Turner has donated 80,000 acres of ranching in western Nebraska to his nonprofit agroecosystem lab, Sand Hills, Nebraska. He says the same could be done at four other ranches in the hills.

However, he continues to pay taxes on the land, greatly reassuring local officials and the leader of the Nebraska Omaha World-Herald. report Thursday.

“We believe that local property taxes provide essential support for the services on which our ranches and communities depend,” Turner said in a press release last week announcing the creation of a new lab.

“The Institute will continue to pay part of the taxes to support the community. “

State officials said Turner, Nebraska’s largest landowner with nearly 500,000 ranching acres in western Nebraska, could transfer land to a nonprofit and take large land away from the Nebraska. property tax rolls. I was afraid to be there.

Gordon Senator Tom Brewer said the possibility of such a large amount of land being taken out of the tax office was “painful.”

Turner Enterprises Inc. and Turner Ranches hope to work with South Dakota State University to develop research and strategies to raise bison and protect ecosystems while generating income from rangelands. Announcement of the launch of the institute. ..

Turner’s Bison Ranch is already focusing on sustainable practices, including rotary grazing.

It also focuses on research and conservation of endangered species, as well as wildlife habitat projects.

Turner is the founder of the 24-hour cable news network CNN.

He announced in 2018 that he was suffering from Lewy Body Dementia.

The disease causes symptoms like Alzheimer’s disease as well as exercise and other problems.

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Ted Turner Donates Land to Nonprofit Organizations But Continues to Pay Taxes | New

Source link Ted Turner Donates Land to Nonprofit Organizations But Continues to Pay Taxes | New