tax break http://wwno.org en $37M, 10-Year Tax Break for Hornets Approved http://wwno.org/post/37m-10-year-tax-break-hornets-approved <p>BATON ROUGE, La. (AP) &mdash; The New Orleans Hornets will continue receiving a tax break that saves the NBA team $37 million over 10 years.</p><p>The Senate sent the tax break bill to the governor&#39;s desk Monday with a 28-7 vote. The measure is part of the state&#39;s deal to the keep the Hornets in <font color="red">Louisiana</font>.</p><p>The tax break ran into sharp criticism in the House, where lawmakers bristled at the idea of giving a multimillion dollar tax break while also weighing budget cuts to colleges and health services.</p> Tue, 15 May 2012 14:15:19 +0000 The Associated Press 11100 at http://wwno.org House Backs $3.7M Annual Tax Break for the Hornets http://wwno.org/post/house-backs-37m-annual-tax-break-hornets <p>BATON ROUGE, La. (AP) &mdash; The Louisiana House has reversed course and agreed to extend an existing tax break given to the New Orleans Hornets that saves the team $3.7 million a year.</p><p>The extension proposed by Rep. Cameron Henry, R-Metairie, was backed in a 62-37 vote Monday. The measure only got 49 votes in support last week.</p><p>The NBA team gets a tax break through the state Quality Jobs Program. Henry proposes continuing that through the 2024 season.</p> Tue, 01 May 2012 15:04:12 +0000 The Associated Press 9900 at http://wwno.org