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AJC.com > Legislature > Blog > Archives > 2006 > March > 06 > Entry
DEL.ICIO.US$5.2 million tax break for proposed NASCAR Hall of Fame approved
The Atlanta Journal-Constitution
The Georgia Legislature gave final approval on Monday to House Bill 1182, a measure that would exempt the proposed Atlanta NASCAR Hall of Fame from sales tax on building materials, saving the project an estimated $5.2 million.
The Senate passed the measure by a vote of 41 to 2, and it now heads to the Governor’s office to be signed. However, the Senate vote followed reports that NASCAR had decided to build the hall of fame in Charlotte, N.C.
An official announcement is expected today at 4 p.m.
“We didn’t lose this based on the financial picture,” said Sen. Casey Cagle (R-Gainesville), who sponsored HB 1182 in the Senate. “We’re still holding out for hope that we’re in the game, but they were not able to turn us down based on the financial picture.”
Cagle expressed disappointment about the decision to locate the NASCAR Hall of Fame in Charlotte, but praised Gov. Sonny Perdue and the leadership of the General Assembly for working diligently to offer incentives to NASCAR.
Cagle said the Georgia Aquarium has been a huge success for downtown Atlanta, and that the NASCAR Hall of Fame would be a another boost for the area. “All of us are aware of the aquarium, and what that has done,” Cagle said. “To have the second largest tourist destination would mean so much. “
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