Bill
Bill > S332
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
2010-2011 Regular Session
Bill Summary
This bill facilitates the cooperation between certain major sports and entertainment venues The bill is intended to promote cooperation between the Izod Center in the Meadowlands and the Prudential Center in Newark by allowing them to implement an agreed upon resolution of certain ongoing disputes between them. The venues currently have the authority to increase their charges if they find doing so necessary to preserve and protect employment opportunities in the vicinity of both venues and the region as a whole, and to ensure a funding source for important activities. While the bill does not require these venues to impose any joint venture service charge, the bill does clarify that if the venues determine to impose joint venture service charges, then the amount of any such charge (not to exceed $3 per admission) will, if separately stated, not be subject to sales and use tax.
AI Summary
This bill allows major sports and entertainment venues, specifically mentioning the Izod Center in the Meadowlands and the Prudential Center in Newark, to cooperate and resolve disputes by potentially implementing a joint venture service charge. If these venues agree to impose such a charge, which cannot exceed $3 per admission, and it is clearly stated separately, it will not be subject to sales and use tax. This provision aims to promote cooperation between these facilities and ensure funding for important activities while protecting local employment opportunities.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/12/2010)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| Bill | https://www.njleg.state.nj.us/2010/Bills/S0500/332_I1.HTM | 05/28/2012 |
Loading...