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2004 SESSION

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HB 50 Baseball Stadium Authority; entitlement to certain income and sales and use taxes.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Baseball Stadium Authority. Extends the Authority's entitlement to certain income and sales and use taxes through January 1, 2008. The Authority would be entitled to income and sales and use tax revenues generated from (i) activities conducted on the premises or within a major league baseball stadium; and (ii) transactions made in connection with the development and construction of a major league baseball stadium. The entitlement to these revenues will expire on January 1, 2008, unless, before that time, the Authority executes a lease with a major league baseball team.


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