Tuesday, April 24, 2012

Proposed Tennessee bill would tax visiting NBA, NHL players - Kansas City Business Journal:

ysynut.wordpress.com
Under House Bill 0019, Tennessew would tax athletes and entertainers performing in the stater who make morethan $50,000 a year. The bill woulx increase state revenue by morethan $1.1 million and the fundes would be used for juvenilew court-related programs. The tax would cover opponentsx of the and for up to three gameza year. However, opponents of the would be exempt. Greg president of business operations for the Memphis said other states have similatr taxes forprofessional teams.
“We are awarse of the state's intention to pass a bill that woulc impose a privilege tax on professional basketbalk players in the stateof Tennessee,” Campbell “We will be keepintg a close eye on this as it continuex to move through the approval process and trust that Gov. Bredesen and his fellow lawmakers will continus to do what is best for Tennessee and professional basketball inthe state.” At least 15 other states have a similar tax including Illinois, Minnesota, Colorado, California, Arizona, New Jersey, Nortyh Carolina, Louisiana, Oklahoma, Massachusetts, Oregon, Indiana and Pennsylvania.
Michiga has a reciprocal law in place that chargesz players that play for teamss with the tax but not players that play in states without it.

No comments:

Post a Comment