Dayton proposes using new taxes for Vikings stadium funding
Summary of 3 articles · Updated May 17, 2013
The stadium funding was part of the final tax deal. Mark Dayton wants to rely on new revenues from cigarette and corporate income taxes to help pay the state's share of a new Vikings stadium. With electronic pulltab and bingo games, the original funding mechanism for the state’s portion of the new Vikings stadium, falling far short of projections, Minnesota needs a new way to come up with the money. The change, known as Minnesota Unitary Sales, would require reporting all those revenues in Minnesota, increasing a company's income taxes and revenues to the state. The cigarette tax would cure the short-term gap in revenue, with the corporate tax vehicle providing an ongoing safety net, in the event the electronic games continue to fall short of the necessary revenue goals.
Smokers will help pay for funding gap in Vikings stadium
As it turns out, folks who puff on Marlboros will help pay for the next place where Ragnar will be blowing his horn. With electronic pulltab and bingo games, the original funding mechanism for the state’s portion of the new Vikings stadium, falling far