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1/28/17, 4:23 PM |
#1
Illinois Race Track tax
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Senior Member
Join Date: Jul 2009 Posts: 1,437 |
Yes, I know this is INDIANA Open Wheel, but I also know a lot of IN fans travel to IL for POWRi races etc. I saw this on our local news down here in KY and this was just potsed on SpeedSport. If passed, this will further impact the financials of some tracks that are just barely making it.
https://speedsport.com/racing-nation...-face-new-tax/ |
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1/28/17, 6:18 PM | #2 | ||
Senior Member
Join Date: Jul 2007 Posts: 1,079 |
Illinois is ranked #4 of the top 10 fiscally broke states. All run by liberals! Ask anyone that lives near Chicago what the pay in property taxes alone and it's no wonder people are fleeing the state
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1/28/17, 6:50 PM |
#3
Re: Illinois Race Track tax
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Senior Member
Join Date: Jul 2007 Posts: 17,558 |
And at the same time the fed will give nascar tracks huge tax breaks. All the nascar tracks built during the 90's boom were done on the backs of taxpayers. Nothing more than welfare.
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1/28/17, 7:01 PM |
#4
Re: Illinois Race Track tax
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Senior Member
Join Date: Jul 2007 Posts: 4,255 |
Not all of them. Bob Bahre built New Hampshire Intl Speedway with his own money,and built it before he was assured of a Cup date...But that was a bit before the other tracks were being built. His first race was in 1990...from memory...A Busch series race.
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Last edited by Andrew S. Quinn; 1/28/17 at 7:05 PM. |
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1/29/17, 9:02 AM |
#5
Re: Illinois Race Track tax
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Senior Member
Join Date: Jul 2007 Posts: 17,558 |
I would bet he still got a tax break. Heck even Daytona and Talledega were built that way.
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1/29/17, 11:56 AM | #6 | ||
Member
Join Date: Mar 2009 Posts: 197 |
And I remember reading they weren't going to let him build the bleachers as tall as he wanted because they didn't have a firetruck that would reach that high. So he bought the town a new firetruck that would.
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1/29/17, 12:26 PM |
#7
Re: Illinois Race Track tax
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Senior Member
Join Date: Jul 2007 Posts: 4,255 |
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1/29/17, 12:39 PM |
#8
Re: Illinois Race Track tax
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Senior Member
Join Date: Jul 2007 Posts: 4,255 |
Quote:
Of course none of this has anything to do with racetracks in Illinois and an amusement tax. Years ago Pennsylvania added an amusement tax to the speedways,and Silver Springs Speedway had an ad in Area Auto Racing News apologizing for having to raise the admission from $6 to $6.50. That was one of the best tracks to go to in Pa. for open wheel racing. To bad it got sold and redeveloped for shopping ..... |
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