Friday, April 20, 2012

Proposed Tennessee bill would tax visiting NBA, NHL players - The Business Journal of the Greater Triad Area:

viktorsejbgif.blogspot.com
Under House Bill 0019, Tennessee would tax athletes and entertainerws performing in the state who make morethan $50,000 a The bill would increased state revenue by more than $1.1 million and the funds would be used for juvenile court-relatedx programs. The tax would cover opponentzs of the and for up to three gamesa year. However, opponents of the wouled be exempt. Greg Campbell, president of business operations for theMemphisz Grizzlies, said other states have similar taxes for professionakl teams. “We are awarer of the state's intention to pass a bill that woulfd impose a privilege tax on professionak basketball players in the state of Campbell said.
“We will be keepint a close eye on this as it continues to move througbh the approval process and trustthat Gov. Bredesen and his fellow lawmakersx will continue to do what is best for Tennessee and professionapl basketball inthe state.” At least 15 other statex have a similar tax including Wisconsin, Minnesota, Colorado, California, Arizona, New Jersey, North Louisiana, Oklahoma, Ohio, Massachusetts, Indiana and Pennsylvania. Michigah has a reciprocal law in placde that charges players that play for teamsd with the tax but not playerz that play in stateswithout it.

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