Most Active Stories
- Le Show For The Week Of Mar. 15, 2015
- Peter Sagal Says New Orleans Is The Best — And He'll Show Us A Great Time Thursday Night
- The Irish Have Been Part Of New Orleans From The Beginning
- Argo The Police Dog Forces Carjacking Suspect Hiding Inside Cemetery Tomb To Surrender
- Episode 609: The Curse Of The Black Lotus
Thu April 26, 2012
Tax Break for the Hornets Fails in La. House
BATON ROUGE, La. (AP) — The Louisiana House has narrowly refused to extend an existing tax break given to the New Orleans Hornets that saves the team $3.7 million a year.
The extension proposed by Metairie Rep. Cameron Henry, a Republican, fell four votes short of passage in a 49-46 vote Wednesday.
The NBA team gets a tax break through the state Quality Jobs Program. Henry proposed continuing that for the length of the Hornets' new lease with the state, which is set to go through 2024.
Henry says the extension is part of the deal for keeping the team in New Orleans. But critics say the state doesn't have enough money to continue offering multimillion dollar tax credits to wealthy team owners.
Henry plans to bring the proposal up again for another vote.