If a new stadium is built to replace the Georgia Dome, it would likely get a $25 million state sales tax break, in addition to the much-discussed boost from the $300 million in hotel/motel tax money proposed to help fund the project, reports Atlanta Business Chronicle broadcast partner WXIA-TV.
The break would relieve contractors of paying sales taxes on the cost of construction material – lowering the overall cost of the project, the station said. A similar deal was provided when both the Georgia Aquarium and World of Coca-Cola were built, the station adds.
Such tax breaks are awarded by the state on a case-by-case basis, and are intended for projects “of regional significance,” WXIA reports.
Officials with Common Cause Georgia said they had not heard of the tax break until questioned about it by WXIA.
A spokeswoman for the Georgia World Congress Center Authority says the plan to seek the tax break was disclosed in a term sheet released to the public last week.