Last week a deal was reached for the Minnesota Vikings to build a new stadium at the site of the old Metrodome for roughly $975 and it would be open for business in the year 2016. However, a day didn't pass before news surfaced that the deal which still had to be presented to the state legislature and Minnesota City Council was already causing problems.
Today, Governor Mark Dayton, who has been instrumental in getting the groundwork for a deal established, introduced a new plan to provide tax relief for charity gaming groups:
The proposal, which is expected to be incorporated into the stadium bill on its way to introduction, would reduce all gambling tax rates by about 14 percent, eliminate a 1.7 percent up-front distributors tax, and maintain a net-receipts tax at a lower rate for paper bingo.
The cost of the tax relief would be $10 million, according to Revenue Commissioner Myron Frans, and would increase the net profits for the charities and the annual gambling taxes paid to the state by about $62.5 million.
The Vikings owners are excited about the proposed deal that would give their football team a new home, but it seems there's still plenty of intricate details that need to be ironed out.