Taxes

Bexar County voters will vote on two propositions that would send new venue tax revenues to the new San Antonio Spurs arena and improvements to the venue complex surrounding the Frost Bank Center.

The city council was expected to take two key votes moving Project Marvel forward later this month.

Members of the No! Project Marvel Coalition, a group of grassroots San Antonio advocacy organizations, want a new, independent economic impact report to analyze financial impact of the sports and entertainment district project.

The report includes an estimate that the Spurs arena will generate over $300 million in annual net economic impact. Some councilmembers find the figures encouraging, while others on council and in the community doubt their legitimacy.

The San Antonio Spurs have asked that the City of San Antonio contribute $500 million to the arena's construction.

The GOP tax and spending bill raises the child tax credit from $2,000 to $2,200, adjusts it annually for inflation, and enshrines it permanently into U.S. tax code. However, another provision requires that the child and both parents all have Social Security numbers.

The San Antonio City Council voted to create a new Project Finance Zone that will contribute to Alamodome and Convention Center upgrades, and which may partially fund a Spurs arena.

The Project Finance Zone uses state hotel tax revenues to support local convention center and venue projects.

The decision comes after the acting IRS commissioner resigned over a deal allowing ICE to submit names and addresses of immigrants inside the U.S. illegally to the IRS for cross-verification.

The Volunteer Income Tax Assistance Program (VITA) can be used at no cost until April 15 for those eligible households.