Sonics would qualify for Quality Jobs Act

By John Greiner Modified: April 16, 2008 at 1:22 am •  Published: April 16, 2008
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Legislation giving the Seattle SuperSonics a $60 million tax incentive if the team comes to Oklahoma City cleared the state Senate Tuesday.

The next step is for the House of Representatives to consider this latest version of this measure. If the House passes it, the bill goes to Gov. Brad Henry.

The Senate vote was 27-21 for the measure, Senate Bill 1819.

The bill will allow the SuperSonics to qualify for the state Quality Jobs Act.

This will permit the SuperSonics to get tax rebates for the next 15 years for the new jobs it brings to Oklahoma.

NBA owners meet Thursday and Friday in New York to consider allowing the team to relocate to Oklahoma City.

Co-Senate leader Glenn Coffee said it's important to have this tax incentive enacted because NBA owners want NBA teams to have strong financial footing.

He said the estimated state tax incentive is $60 million, but could be more.

The financial impact of having the Sonics in Oklahoma has been estimated at $180 million, said Coffee, R-Oklahoma City.

Sen. Randy Brogdon, R-Owasso, said he thought giving this tax incentive to the basketball team is unconstitutional. Read Gregoire's letter to the NBA

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