Holcomb Signs South Bend Baseball Tax Bill
SOUTH BEND — Gov. Eric Holcomb has signed SEA 326 into effect, raising from $2 million cap on sales and state income tax collected to $5 million per year in the Professional Sports Convention District Area.
South Bend citizens are in favor of this bill being signed by Holcomb, saying that this will have a great impact on the city’s income, without raising taxes for residents.
“This legislation effectively keeps tax money that typically goes downstate for other purposes, here in South Bend,” said Andrew Berlin, owner of the South Bend Cubs.
Funds, such as these, will then be allocated towards the improvements of the ball park, Four Winds Field at Coveleski Stadium, without any additional taxing for the citizens of South Bend.
“I made a promise to the citizens of South Bend on November 11, 2011, when I purchased the team. I promised no new taxes related to the team. This legislation, which is only available for Indiana cities with professional sports teams, allows us to keep millions of dollars right here at home,” said Berlin.