From Events to Equity: Could a "Ticket" Tax Help Michigan Cities? скачать в хорошем качестве

From Events to Equity: Could a "Ticket" Tax Help Michigan Cities?

Detroit's Property Tax Rates Are Among the Highest in the US. An Admissions Tax Could Provide Relief #Factsmatter host Guy Gordon chats with Citizens Research Council President Eric Lupher about his study examining how an admissions tax on sports and entertainment venues could help offset some of the costs of providing public services that support these venues and their visitors. The report, Evaluating Local-Option Admissions Taxes in Michigan (https://tinyurl.com/5cj96xvr) examines the economic impact of local-option admissions taxes and the viability of Michigan implementing an admissions tax. In A Nutshell: -- Detroit is one of the few major cities in the U.S. that does not levy an entertainment/amusement/admissions tax. -- Detroit could yield upwards of $50 million from an admissions tax. -- While multiple Michigan cities could benefit from an admissions tax, Detroit stands alone as the largest city in this role, with four major professional sports teams, concert halls, theatres, and other venues that attract attendees from throughout Southeast Michigan and beyond. Revenue from an admissions tax could be used to enhance city services, diversify the city’s revenue streams, provide property tax relief, and establish a fund that could be used to attract major national events to the city. The study concludes that while a new state law would be needed to authorize local admissions taxes, the state legislature should consider allowing cities to impose an admissions tax to enhance revenue streams, help cover costs associated with hosting events, and provide property tax relief.