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

Vadum, Matthew
June 2003
Bond Buyer;6/2/2003, Vol. 344 Issue 31647, p5
Trade Publication
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.


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