Professional baseball stadium

From the 2024 DOR Tax Exemption Study

82.29A.130(14) - Professional baseball stadium Description All leasehold interests in the public or entertainment areas of a professional baseball stadium located in a county with a population of over one million (e.g. King County) are exempt from the leasehold tax. The baseball stadium must have natural turf, a retractable roof or canopy, a seating capacity of at least 40,000, and constructed after January 1, 1995, to be eligible for the exemption. The exemption does not extend to nonpublic areas of the stadium such as locker rooms and private offices used exclusively by the lessee. Purpose To encourage constructing and operating a baseball stadium, e.g., T-Mobile Park in King County. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes CTI CTI CTI CTI Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 CTI CTI CTI Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources Ballpark.org, Ballpark lease information Additional Add