Tax rebate bill passed for new stadiums, upgrades to current facilities

Projects must cost $100 million minimum to qualify for rebate

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TALLAHASSEE, Fla. - The Florida Legislature has passed a bill that would give sales tax rebates to sports entities looking to build new stadiums or upgrade current facilities.

The fund could help pay for a number of proposed projects, from a professional soccer stadium in Miami to the renovation of Daytona International Speedway. The Marlins opened a new stadium last year. The Rays have been discussing the idea of building a new stadium to replace the downtown St. Petersburg dome they play in now.

The bill (HB 7095) would establish a pool of $13 million that could be spent each year, with no team or project receiving more than $3 million a year. The projects must cost a minimum of $100 million to qualify for the rebate.

The bill awaits the signature of Gov. Rick Scott.

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