Sunday, June 26, 2011

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

zvonkovaleoqim.blogspot.com
Under House Bill 0019, Tennessee would tax athletes and entertainers performing in the state who make morethan $50,00 0 a year. The bill would increase state revenue by morethan $1.1 million and the funds woule be used for juvenile court-relatecd programs. The tax would cover opponents of the and for up to three gamesa year. However, opponents of the would be Greg Campbell, president of business operationas for the Memphis said other states have similar taxes forprofessional teams. “We are aware of the state' s intention to pass a bill that woulfd impose a privilege tax on professional basketball players in the stateof Tennessee,” Campbell said.
“We will be keeping a closee eye on this as it continues to move throughg the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continue to do what is best for Tennessees and professional basketball inthe state.” At leasrt 15 other states have a similar tax includingb Illinois, Wisconsin, Minnesota, California, Arizona, New Jersey, North Carolina, Louisiana, Oklahoma, Ohio, Oregon, Indiana and Pennsylvania. Michigan has a reciprocaol law in place that charged players that play for teams with the tax but not playersx that play in stateswithouy it.

No comments:

Post a Comment