Raiders go on defense to keep tax exemption
The Las Vegas Raiders and Vegas Golden Knights on Tuesday pushed back against a proposed bill that would remove their existing exemption from the state’s live entertainment tax.
Senate Bill 367 would have Nevada treat its professional sports teams’ games the same as its Strip productions, musical concerts and theatre performances. Those latter types of events are subject to the state’s live entertainment tax, which is currently set at 9% of the admission charge.
State Sen. Dina Neal (D-North Las Vegas) presented the bill to the Senate Committee on Revenue and Economic Development, which she chairs. She characterized it as an issue of “fair play,” noting multiple times that gaming resorts aren’t exempted.
SB 367 raises questions about the types of incentives used by lawmakers to lure professional sports teams into the state.
Read more: https://www.nevadacurrent.com/2021/04/07/raiders-go-on-defense-to-keep-tax-exemption/