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The Ark Encounter received the nod from state officials last week, which amounts to $43 million in tax incentives for the project that will construct a wooden replica of Noah’s Ark in Williamstown.
The tax incentives were granted under the Kentucky Tourism Development Act. According to the state’s website, “eligible tourism attractions allows a rebate of sales tax up to 25 percent of a projects capitol costs over a 10 year period, provided the projects have a positive economic impact.”
Local officials expected the state to OK the project.
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