The Senate’s Commerce and Tourism Committee voted 11-0 to move a bill approving a 1 cent hotel tax increase and a $3 million tax rebate on goods and services sold at Sun Life Stadium through to the next step. Next up for the bill in the Senate is the Appropriates Subcommittee on Finance and Tax, with no date set for the hearing.
State Senator Oscar Braynon D-Miami Gardens, and Rep. Eduardo Gonzalez, R-Hialeah, have sponsored bills (HB-165 and SB-306) that begin the discussion on whether the state would allow taxes to be directed to help stadium upgrades.
The legislation offers a $3 million tax rebate annually to a sports team that is undertaking a $250 million stadium upgrade, as long as said team owner is paying a minimum of $125 million, according to the bills. In Ross’ case, he has pledged at least $201 million of his own money.
Miami is competing against the San Francisco 49ers’ $1.2 billion stadium in Santa Clara for the right to host the 50th Super Bowl. The loser in the vote will go up against Houston for the right to host Super Bowl 51. An improved stadium would also guarantee the Dolphins play at Sun Life Stadium until at least 2034, according to Ross.