SBD/Issue 135/Facilities & Venues
Bill Looks To Divert Income Tax Dollars To Sports Properties
The Missouri state Senate yesterday approved a plan “to divert about $20[M] a year in taxes paid by out-of-state athletes and entertainers to help fund sports stadiums” in the state, according to Terry Ganey of the ST. LOUIS POST-DISPATCH. The taxes would be “divided up among cultural institutions, libraries, public television, historic preservation and sports venues.” The plan is “expected to generate” $34M by ’09. Senate Majority Leader Charles Shields said that the money does not “go to any sports team but to the publicly owned facilities where those teams play,” and added that the funds “would be used to offset state money that already goes to facilities in” St. Louis and K.C. Ganey notes the bill would distribute funds to the Edward Jones Dome, the refurbishing of the Kiel Opera House and the proposed Ballpark Village around the new Cardinals ballpark, as well as the K.C. Sports Authority, which maintains stadiums for the Royals and Chiefs (ST. LOUIS POST-DISPATCH, 4/7). Sports authorities and other entities “would get a share proportional to what they collect when athletes or entertainers visit the area.” The bill now goes to the state House (Kelly Wiese, AP, 4/7).
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