A bill that would provide a $3.65 million annual tax rebate for the National Basketball Association’s New Orleans Hornets won final legislative approval Monday.
The proposal, House Bill 1072, won Senate approval 28-7 without debate.
The Louisiana House passed the bill on April 30 on a 61-37 vote.
The legislation is part of a state deal to keep the team in New Orleans.
The money would come from Louisiana’s “Quality Jobs” program, which provides rebates and tax credits for the achievement of specified employment provisions.
Under the bill, the aid would last for up to 10 years.
State officials have also agreed to provide $10 million for a practice facility and $50 million for the renovation of the New Orleans Arena, where the team plays.
