Hornets Tax Break

Hornets-Tax Break
9:49 am
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.