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Minnesota GOP wants new taxes on fans, team to pay for Vikings stadium

April 27, 2012

While the Minnesota Vikings and their fans are engrossed in the 2012 NFL draft, lawmakers in St. Paul have been tinkering with ways to pay for a new stadium for the team.

The latest plan includes targeted taxes:

  • A 4-percent income tax surcharge on Vikings players and executives who earn more than $200,000 a year,
  • Sales tax increases on sports memorabilia, liquor and purchases in the new stadium, and
  • A new sales tax on online purchases of NFL merchandise.

And yes, those taxes were proposed by a group of Republican state legislators.

Follow-up fridayThis Follow-up Friday look at Minnesota's struggle to come up with money for a new home for the Vikes demonstrates just how much power professional sports still have even in tough economic times.

Minnesota vikings stadium tax protest (2)Some Minnesotans have strongly objected to local sales tax increases as a way to pay for new NFL stadium in the North Star State.

Those protests put the stadium funding ball back in the state legislature's hands.

And while taxes are never an easy thing for any lawmaker to suggest, the thought of losing the NFL franchise has prompted a group of Minnesota lawmakers to consider that option.

Republican state Rep. Mike Benson of Rochester says the new taxes are "more defensible" than a proposal to increase and tax gambling options in the state.

"If you're going to put an additional burden on people to pay for something like this, I think you have to look at the people who benefit from the use of it rather than others who may never show up at the stadium at all," state Sen. David Hann (R-Eden Prairie) told the Associated Press.

The state's roughly $400 million share of the new stadium cost covers just over a third of the facility's $1 billion price tag. The Vikings will pay $427 million. Another $150 million will come from an existing Minneapolis city sales tax.

Construction on the new stadium would get underway next year at the current decrepit Metrodome site if the state can come up with its portion of the money.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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