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Senate approves post-performance tax incentives for proposed Salt Lake convention hotel amid split debate
Summary
The Utah Senate passed SB 267 to allow post-performance tax rebates for convention facilities and parking associated with a proposed downtown convention hotel. Supporters called it a modest, performance-based tool to attract conventions; critics warned of tax-exempt competition and urged further study.
The Utah Senate on [date not specified] approved Senate Bill 267, a measure authorizing limited post-performance tax incentives tied to parking structures and convention facilities associated with a proposed downtown convention hotel.
Sponsor Senator Adams said the bill simply allows the state to rebate part of sales tax revenue that the hotel operation would generate, and only after that revenue exists. "This is a post performance tax credit," Adams said, adding the credit would be paid only if sales tax is generated by the project and would not subsidize guest rooms. He said the intent is to help the convention center market and boost tourism and job growth.
Opponents raised concerns…
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