What happens when a state forecloses on a business for not paying taxes? The state usually seizes the property and auctions off the inventory if the business doesn’t pay up. Well, that policy has put Kansas in a bit of a predicament.
The state seized the inventory of Bang Lingerie and Gifts after the owner didn’t pay up on a delinquent tax bill in the amount of $163,986 that was owed to the state. Today, the state will auction off the inventory to recoup the amount.
Kansas tax revenues could get a boost with the sale of remote-control vibrating thongs and other sex toys.
Thousands of adult novelty items, from lingerie to handcuffs, are for sale in an online auction as a result of a failure of a chain of erotic stores to pay state sales, income and withholding taxes.
The items — all new and in the original packaging — will be available for inspection Monday at a warehouse in Kansas City’s West Bottoms.
The merchandise was seized in July by the Kansas Department of Revenue from five adult stores in Kansas City, Kan., Topeka, Wichita and Junction City. The owner, United Outlets LLC, doing business as Bang, owes the state $163,986.Source: The Kansas City Star
I guess you can say this is a way to stimulate the economy in more ways than one. The state itself will not conduct the auction. Instead, they have contracted out to a private company to do the auction for them. Take a look at the auction site and see if you can figure out which auction will consist of Bang’s inventory.
The auction is being conducted by Equip Bid Auctions, and you have to register even just to look at the inventory that’s up for auction. I have seen no word yet on whether Westboro Baptist Church will be protesting the auction.
How much more comedy can be written into a story involving a state with a governor named Brownback that is auctioning off sex toys that are being housed in a warehouse in West Bottoms?