Professional football stadium

From the 2024 DOR Tax Exemption Study

82.29A.130(15) - Professional football stadium Description All leasehold interests in the public or entertainment areas of an open-air stadium that is suitable for professional football and Olympic/World Cup soccer constructed after January 1, 1998, are exempt from leasehold excise tax. The exemption also applies to an exhibition center and associated work areas primarily servicing public or entertainment areas such as parking facilities adjacent to the stadium. Purpose To encourage construction and operation of a stadium, such as Lumen Field & Exhibition Center. 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 Public Stadium Authority Additional Additional Information Information Category: Business Year Enacted: 1997 Primary Beneficiaries: Professional football and soccer stadium Taxpaye