PROPOSED AMENDMENTS TO HOUSE BILL 1846 (REP. ESPICH)

COLTS STADIUM FUNDING

  COLTS PLAYERS AND FANS
$10M 1) Up to $10 Seat Surcharge on Admissions to New Venue Stadium
$2M 2) 2% Pro-Player Excise Tax on Salaries
$1M 3) Luxury Box Surcharge at New Venue
$1M 4) Colts Vanity Plate
$14M Total  
  CITY OF INDIANAPOLIS
$10M 1) Raise Marion County Innkeeper's Tax to 9% from 6% - (Proposal of Mayor Peterson for Convention Center Funding)
$2M 2) Raise Marion County Auto Rental Supplemental Tax from 2% to 4% - (Proposal of Mayor Peterson for Convention Center Funding)
$3M 3) Cash or Other Contributions (City or CIB) - Unspecified
$15M Total  
 
STATE OF INDIANA
$7M 1) Raise Professional Sports Development Area (PSDA) Cap from $5M to $12M
$8M 2) Raise Wagering Tax on Riverboats at Top Bracket from 35% to 36% - Stadium Will Receive the First $8M of Revenue
$15M Total  

TOTAL - $44M