Oklahoma
State Senate
Senator Mike
Morgan
President Pro Tempore
Senate District 21
Lincoln, Logan & Payne Counties
For Immediate Release: February 7, 2006
Sales Tax Exemption on Hornets Tickets Clears Senate Finance Committee
Legislation
that will keep tickets to Oklahoma City Hornets games among the lowest
in the league and complete the incentive package that helped lure the
National Basketball Association team to the Ford Center earlier this year
passed out of the Senate Finance Committee Tuesday.
Senate Bill 1022 is authored by Senate President Pro Tempore Mike
Morgan. The measure exempts tickets to NBA and NHL games in Oklahoma
from sales tax.
“One of the biggest reasons the Hornets have been one of the best
draws in the NBA, averaging 18,000 fans a game, is because tickets in
Oklahoma City are among the cheapest in the league. This legislation will
ensure that continues to be the case by exempting ticket sales from sales
tax,” said Morgan, D-Stillwater.
Senate and House leaders, along with representatives of Governor Henry’s
office, reached an agreement on the sales tax exemption last fall during
negotiations to bring the team to Oklahoma from New Orleans in the wake
of Hurricane Katrina. Morgan said Tuesday that he doesn’t anticipate
the legislation facing any hurdles when it reaches the House and is certain
Governor Henry will sign it once it gets to his desk.
The Senate Leader said he doesn’t have any inside information about
the possibility that the Hornets will stay in Oklahoma City past next
season, but said like every other basketball fan he’s hopeful that
support from state, the city, and, most of all, the thousands of Oklahomans
who buy the tickets will make the decision easier for the team and the
league.
“The Hornets are a great success story. Oklahoma has embraced the
team. Hopefully, by putting incentives – like exempting tickets
from sales tax – into law, we can send a message to the team ownership
and league offices that we are serious about keeping the Hornets in Oklahoma
City,” Morgan said.
The Senate leader said SB 1022 is expected to be considered by the full
Senate Wednesday, where passage would send it to the House.
For
more information contact:
Senate President Pro Tem's Office - (405) 521-5605
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