22′ HB2609/SB2890 – Hazelwood/Gardenhire

Bill Description

Taxes, Sales - As enacted, changes from 400,000 to 360,000 the county population threshold that would authorize a municipality that has a minor league baseball stadium placed into service between December 31, 2020, and December 31, 2025, in such county to receive and apportion tax revenue derived from the sale of admission to events occurring within the stadium and from all sales of food, drinks, merchandise, and parking sold from a location on the premises of the stadium in conjunction with events occurring within the stadium to be used to pay debt service for the stadium. (Gives the Cincinnati Reds farm team in Chattanooga an 80% tax break)

TLRC Position

Bad bill - Corporate welfare in all forms should be opposed. Our state government should not be giving economic advantages to any public or private for-profit entities. Let the free market pick winners and losersCorporate welfare

TLRC Observed Process

Passed unanimously in Senate.  Opposed by a dozen reliable conservatives in the house.

Vote Result: Passed

Score: -1

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