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Taking a cue from sports sponsorships, Illinois is looking to private sponsorships and naming rights to public facilities to help erase its state budget deficit.
This may trigger a bidding war that could lead to naming rights for popular projects. Imagine, if you will, the Princess Casino Meigs Field Reconstruction Project, or the Libertyville Drivers License Center, Sponsored by Mega Truck Drivers School - Results Guaranteed! At least it would make it legal.
Fortunately, the naming rights for the "Roth" IRA were locked up long ago...
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to