TAXATION
Live events sector

 

 

A New Jersey state lawmaker has used that the fact Adele is snubbing of New Jersey as a reason to pass his proposal to “give tax breaks to A-list stars”. Senate Republican Leader Tom Kean says the fact that the singer’s upcoming tour bypasses New Jersey in favor of New York and Philadelphia proves the need for the state legislature to pass his bill. It would exempt performers who play at least four nights in Atlantic City from having to pay state income taxes on all shows in New Jersey that year. If enacted the Bill would exempt artists from state taxes not only on their Atlantic City performances but also on shows at New Jersey venues including arenas in Camden, Trenton, Holmdel and Newark.

 

Adele is scheduled to stage six performances in New York City and two in Philadelphia.

 

Nicknamed the “Britney bill” for Kean’s references to multi-night engagements that pop star Britney Spears has done in Las Vegas, the bill has yet to pass through the Legislature. Senator Kean said “New Jersey gets nothing from Adele performing eight shows in neighbouring New York and Pennsylvania” adding “New Jersey will continue to lose job and revenue growth in a wide variety of sectors from retail to restaurant to hospitality to transportation to tourism to communications” unless the bill is passed.

 

http://www.pollstar.com/news_article.aspx?ID=821926