Bill for Hornets' Tax Rebate Update
A bill to give the New Orleans Hornets a $3.65 million per year rebate overcame a killer amendment in the Senate Revenue & Fiscal Affairs Committee today, which passed HB 1072 by Rep. Cameron Henry, R-Metairie. The annual rebate, if it ultimately passes, will make up part of the lease negotiations following the sale of the team to New Orleans Saints owner Tom Benson. The committee turned back an amendment to fund the rebate through extending tolls on the Crescent City Connection, which will expire next month. Sen. Rick Gallot, D-Grambling, said that few of his constituents attend Hornets game, to which Sen. J.P. Morrell, D-New Orleans, countered that he had never been to Grambling but still supports appropriations for the north Louisiana school. If the bill remains unamended, it is only one step away from the governor's desk.
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