Lawmakers discussed a bill on Thursday that would let movie theaters keep state sales taxes collected for tickets and concessions. Local sales tax would still need to be collected. This would apply to the next two years, beginning in July. Estimates said it could cost the state nearly $7 million a year. Revenue fell sharply for movie theaters last year because of social distancing efforts during the pandemic, but there is hope that theaters can start getting more visitors this year. “It would help during that recovery period, we expect that we won’t really reach what our capacity was prior to the pandemic until roughly 2023-2024,” said Todd Halstead, executive director at Theater Owners of Mid-America.
Source: KSNF/KODE
