HB 1072 - Tax Incentives for a Franchise of the NBA - Louisiana Key Vote
Erich Ponti voted Yea (Passage) on this Legislation.
Timeline
- Executive Signed
- May 22, 2012
- Senate Bill Passed
- May 14, 2012
- House Bill Passed
- April 30, 2012
- Introduced
- April 2, 2012
Related Issues
Stage Details
Title: Tax Incentives for a Franchise of the NBA
Signed by Governor Bobby Jindal
Title: Tax Incentives for a Franchise of the NBA
Vote Smart's Synopsis:
Vote to pass a bill that authorizes the renewal of payroll-based rebates for a franchise of the National Basketball Association (NBA).
Highlights:
- Authorizes the extension of a contract of up to 10 years in length to an NBA franchise if an unexpired contract exists (Sec. 1).
- Limits the incentive offered in an NBA contract to a payroll-based rebate (Sec. 1).
- Requires the Department of Economic Development to submit a report to the Committee on Budget detailing the number of jobs for which the franchise has received payment (Sec. 1).
- Specifies that if the report is not submitted within 6 months of the contract expiration date, then the contract will not be eligible for renewal (Sec. 1).
Title: Tax Incentives for a Franchise of the NBA
Vote Smart's Synopsis:
Vote to pass a bill that authorizes the renewal of payroll-based rebates for a franchise of the National Basketball Association (NBA).
Highlights:
- Authorizes the extension of a contract of up to 10 years in length to an NBA franchise if an unexpired contract exists (Sec. 1).
- Limits the incentive offered in an NBA contract to a payroll-based rebate (Sec. 1).
- Requires the Department of Economic Development to submit a report to the Committee on Budget detailing the number of jobs for which the franchise has received payment (Sec. 1).
- Specifies that if the report is not submitted within 6 months of the contract expiration date, then the contract will not be eligible for renewal (Sec. 1).
Title: Tax Incentives for a Franchise of the NBA