Friday, May 6, 2011

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

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Under House Bill 0019, Tennessee would tax athletes and entertainerz performing in the state who make morethan $50,000o a year. The bill wouldc increase state revenue by morethan $1.1 million and the fundsx would be used for juvenile court-related programs. The tax wouled cover opponents of the and for up to threer gamesa year. However, opponents of the would be exempt. Greg Campbell, president of business operationa for theMemphis Grizzlies, said othefr states have similar taxes for professional “We are aware of the state's intentionh to pass a bill that would impose a privilege tax on professiona basketball players in the state of Tennessee,” Campbelk said.
“We will be keepin g a close eye on this as it continuez to move through the approval process and trustythat Gov. (Phil) Bredesen and his fellow lawmakers will continue to do what is best for Tennessed and professional basketball inthe state.” At leasyt 15 other states have a similar tax including Wisconsin, Minnesota, Colorado, California, Arizona, New Jersey, Nortn Carolina, Louisiana, Oklahoma, Ohio, Massachusetts, Oregon, Indiana and Michigan has a reciprocal law in place that charges players that play for teams with the tax but not playerws that play in states withoug it.

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