TITLE

D.C. 'Jock Tax' Proposal Running Into Some Congressional Opposition

AUTHOR(S)
Vadum, Matthew
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/2/2003, Vol. 344 Issue 31647, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the District of Columbia's proposal to tax professional baseball players' income earned in the city in order to back $291.9 million of municipal bonds that would be sold to help finance a $463 million stadium is running into opposition from conservative lawmakers in Congress. The so-called jock tax would generate as much as $6 million a year in revenues and those revenues could be used to help pay for the construction of a new sports stadium and debt service on municipal bonds that may be issued for that construction project.
ACCESSION #
9986325

 

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