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Subsidize them and they will take it

February 09, 2012

Iowa's disastrous experience with film subsidies hasn't quite cured the legislature of its starry eyes. An Iowa Senate Subcomittee yesterday approved a bill (SF 2110) to let the owners of the "Field of Dreams" site keep sales taxes collected there for themselves to help finance their project. A similar subsidy benefits the NASCAR speedway in Newton.

Of course this facility, if built, will compete with other businesses seeking tourist dollars and providing entertainment. They will have to collect sales taxes from their customers to provide the services received by the Field of Dreams. The legislature can never make a convincing case that this development is so special that it deserves this break. Don't assume that will stop them.

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