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Daily Tax Report: State

Indiana Legislature Passes $1.1 Billion Stadium Incentive Bill

April 23, 2019, 10:11 PM

The Indiana Pacers and pro soccer squad Indy Eleven could receive up to $1.1 billion worth of tax incentives in a bill headed to Indiana Gov. Eric Holcomb’s (R) desk.

The National Basketball Association Indiana Pacers could receive about $800 million in public support to keep their squad in Indianapolis, and the developers behind a Major League Soccer expansion team could receive up to $200 million in incentives for creating a new stadium, under Senate Bill 7. The Senate passed the bill April 23, and it cleared the House April 11.

The incentives are an intricate mix of tax...

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