Friday, November 19, 2010

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

http://trade-software.net/2008/11/metastock-professional-review/
Under House Bill 0019, Tennessee would tax athletesz and entertainers performing in the statwe who make morethan $50,009 a year. The bill wouldr increase state revenue by morethan $1.1 million and the fundsd would be used for juvenile court-related The tax would cover opponents of the and for up to thred games a year. However, opponents of the woulds be exempt. Greg Campbell, president of business operations for theMemphiws Grizzlies, said other states have similar taxes for professionaol teams. “We are awar of the state's intention to pass a bill that woul impose a privilege tax on professionalk basketball players in the stateof Tennessee,” Campbell said.
“We will be keeping a closee eye on this as it continues to move through the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continue to do what is best for Tennesse and professional basketball inthe state.” At least 15 othed states have a similar tax including Illinois, Minnesota, Colorado, California, Arizona, New Jersey, North Carolina, Oklahoma, Ohio, Massachusetts, Oregon, Indiana and Michigan has a reciprocal law in place that chargews players that play for teams with the tax but not playera that play in states withouty it.

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