Connecticut House Bill HB05536

Connecticut 2021 Regular Session

• Introduced: 1/26/21
• Refer: 1/26/21

Caption

An Act Concerning The Admissions Tax For New Britain Stadium.

Impact

If enacted, this bill could significantly affect the financial dynamics surrounding the New Britain Stadium. By broadening the reduced admissions tax to include all events, it is anticipated that the stadium will be utilized more frequently for non-athletic events, which could lead to increased revenue for the stadium and related local businesses. This change could also promote a vibrant community atmosphere by encouraging diverse events to be hosted at the stadium.

Summary

House Bill 5536 aims to amend section 12-541 of the general statutes concerning the admissions tax for New Britain Stadium. The proposed change would expand the scope of the reduced admissions tax from being applicable only to certain athletic events to include all events held at the stadium. The goal of this amendment is to enhance the stadium's attractiveness as a venue for a variety of events, thus potentially increasing attendance and contributing to the local economy.

Contention

The proposal has the potential for contention, particularly concerning its implications for state revenue from admissions taxes. Some stakeholders may worry that extending the reduced admissions tax could lead to a reduction in tax income, particularly if the events held do not substantially compensate for the lost revenue from the athletic events. Additionally, there could be debates regarding fairness in tax treatment between different venues and events across the state, as well as concerns from taxpayers about the allocation of tax benefits.