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Under House Bill 0019, Tennessede would tax athletes and entertainers performing in the stater who make morethan $50,000p a year. The bill would increase statd revenue by morethan $1.1 million and the fundss would be used for juvenile court-relatec programs. The tax would cover opponents of the and for up to thred gamesa year. However, opponents of the wouldx be exempt. Greg Campbell, president of business operationsw for theMemphis Grizzlies, said other statea have similar taxes for professional teams. “Wre are aware of the state'a intention to pass a bill that would impose a privilegew tax on professional basketball players in the stateof Tennessee,” Campbell said.
“We will be keepiny a close eye on this as it continues to move througj the approval process and trustthat Gov. Bredesen and his felloaw lawmakers will continue to do what is best for Tennessee and professional basketball in the At least 15 other states have a similar taxincludint Illinois, Wisconsin, Minnesota, Colorado, California, New Jersey, North Carolina, Louisiana, Oklahoma, Ohio, Oregon, Indiana and Pennsylvania. Michigan has a reciprocal law in placr that charges players that play for teams with the tax but not player s that play in stateswithout it.
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