❌ SB150
Increase sports gaming tax; allocate for athletics, sports venues
Summary
The bill increases the sports gaming tax from 20% to 36% on sports gaming receipts and allocates the additional revenue to support interscholastic athletics and the renovation or construction of sports venues in Ohio. It establishes a sports venue redevelopment commission to evaluate and approve projects funded by the new tax revenue. The bill also outlines the conditions under which state funds can be used for sports facilities.
Rationale
The bill increases taxation and government involvement in funding sports facilities, which conflicts with Libertarian principles of minimal government intervention and low taxation. It also promotes the allocation of tax revenue to specific sectors, which may be seen as cronyism or government favoritism, further opposing the Libertarian emphasis on free markets and individual choice.
Risks and Concerns
- Increased government control over funding and allocation of resources
- Potential for cronyism in the approval of sports venue projects
- Higher taxes may discourage economic activity in the gaming sector