|Councilor Mike McQuillen|
Resolution 24, 2013, is even more objectionable. Also sponsored by McQuillen and Brown, the proposed ordinance will raise rental car taxes from 4% to 6%, a 50% increase. This represents a 200% increase since 2005 when the rental car tax was 2%.
The admissions and rental car taxes are often disingenuously referred to as "visitor taxes," i.e. taxes that don't hit local folks as much as they hit visitors to the city. It simply isn't true. The admissions tax applies to all events. If you go to a concert at Conseco Fieldhouse or a high school football game at Lucas Oil Stadium, you will pay the extra tax. Even professional sporting events are mostly attended by people locally, especially NBA games. As far as the rental car taxes, contrary to political spin, studies show most cars are rented by locals, not visitors to the city.
|Councilor Vernon Brown|
In October, a national business travel association ranked Indianapolis the 8th worst city in the country for visitor taxes. Using their formula, it appears the rental tax car tax increase (not sure if the admissions tax is included in the formula will move Indianapolis up several slots making it the third worst city in the country for visitor taxes, behind only New York City and Chicago.
The irony is that this is all money that will go into the coffers of the CIB. The CIB has proved itself to be enormously dishonest in reporting its financial state and continues to show extraordinarily bad negotiators when it comes to dealing with the local billionaire professional sports owners, most recently agreeing to give the Pacers $10 million this year to run a publicly-owned building on which the public gets no revenue...the Pacers get it all. To say the CIB has been bad stewards of our tax dollars is a gross understatement.
Sunday, December 9, 2012, City Leaders Set to Raise Taxes for CIB While CIB "Negotiates" to Give the Pacers Millions More
Tuesday, October 2, 2012,Business Travel Association Rates Indianapolis as One of Worst Cities for Visitor Taxes