Could higher taxes mean more Nashville conventions? - WSMV News 4

Could higher taxes mean more Nashville conventions?

Posted: Updated:
NASHVILLE, TN (WSMV) -

Some Tennessee lawmakers say higher taxes could be the key to attracting more conventions to Nashville. While it may sound like just opposite of what a city should do, they say how that money is spent will make all the difference.

The tax increase would be on goods and services bought in Nashville's tourist development zone and the business improvement districts - the areas inside the Interstate 440 loop and The Gulch - and that money would then be used to lure more conventions to the new Music City Center.

People could see new taxes on things like food, drinks, short term parking, event tickets and retail sales. But the tax increase would not affect professional services, hotels, sporting events or overnight and monthly parking.

As for cost, the increase would be a quarter of 1 percent. So, think of it as about an extra penny on every beer you buy in a downtown honky tonk.

The money would then be used to offer incentives to groups that potentially want to hold their convention at the Music City Center.

Of course, some people oppose raising taxes - even by a small amount - but supporters of the proposed increase say it's designed to target tourists, not locals, and say even if locals do end up having to pay, the costs far outweigh the benefits.

"More conventions, more jobs, more tax revenue for the city that helps keep property taxes and other sales taxes lower," said Butch Spyridon, with the Nashville Convention and Visitors Bureau.

Some bar owners have already come forward and said they would gladly eat the cost of the new tax instead of passing it on to their patrons because more conventions at the Music City Center means more tourists and more money for them.

The bill that would impose the new tax passed Tuesday in the State and Local Committee and heads to the Finance Ways and Means Subcommittee next week.

Copyright 2013 WSMV (Meredith Corporation). All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Mayor's proposed $5.2B transit plan includes light rail, downtown tunnel

    Mayor's proposed $5.2B transit plan includes light rail, downtown tunnel

    Tuesday, October 17 2017 11:23 PM EDT2017-10-18 03:23:59 GMT
    Mayor Megan Barry and city officials announced the transit plan on Tuesday morning. (WSMV)Mayor Megan Barry and city officials announced the transit plan on Tuesday morning. (WSMV)

    Nashville Mayor Megan Barry and other city leaders unveiled Music City's long-awaited mass transit plan on Tuesday.

    More >>

    Nashville Mayor Megan Barry and other city leaders unveiled Music City's long-awaited mass transit plan on Tuesday.

    More >>
  • Police: Woman who feared deportation drowned 2 boys

    Police: Woman who feared deportation drowned 2 boys

    Tuesday, October 17 2017 7:08 PM EDT2017-10-17 23:08:38 GMT
    (Wilmington Police Department via AP) This undated photo provided by the Wilmington Police Department shows Kula Pelima. Police in Delaware's largest city have charged Pelima with drowning her infant son and the baby's 5-year-old half brother.(Wilmington Police Department via AP) This undated photo provided by the Wilmington Police Department shows Kula Pelima. Police in Delaware's largest city have charged Pelima with drowning her infant son and the baby's 5-year-old half brother.
    (AP) -- A woman drowned her infant son and his 5-year-old half brother in a bathtub hours after she called police and told them she was worried about being deported, a Delaware police chief said Tuesday. Kula Pelima, a native of Liberia who has lived in the U.S. for two decades, called 911 about 3:45 a.m. Monday, fearing that her visa had lapsed, Wilmington Police Chief Robert Tracy said at a news conference. It's not clear why Pelima was worried. Immigration and Customs Enforcement...More >>
    (AP) -- A woman drowned her infant son and his 5-year-old half brother in a bathtub hours after she called police and told them she was worried about being deported, a Delaware police chief said Tuesday. Kula Pelima, a native of Liberia who has lived in the U.S. for two decades, called 911 about 3:45 a.m. Monday, fearing that her visa had lapsed, Wilmington Police Chief Robert Tracy said at a news conference. It's not clear why Pelima was worried. Immigration and Customs Enforcement...More >>
  • Police: Man admits to drowning 6-year-old boy, putting body in trash bin

    Police: Man admits to drowning 6-year-old boy, putting body in trash bin

    Wednesday, October 18 2017 8:58 AM EDT2017-10-18 12:58:48 GMT
    Authorities searched for Dayvid Pakko, 6, for hours after the boy went missing on Monday. (Snohomish County Sheriff's Office)Authorities searched for Dayvid Pakko, 6, for hours after the boy went missing on Monday. (Snohomish County Sheriff's Office)

    A 19-year-old man is accused of drowning a 6-year-old Lynnwood boy he was watching and dumping his body into a trash bin. 

    More >>

    A 19-year-old man is accused of drowning a 6-year-old Lynnwood boy he was watching and dumping his body into a trash bin. 

    More >>
Powered by Frankly
WSMV
Powered by WorldNow CNN
All content © 2017, WSMV; Nashville, TN. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.