Bloomberg Tax
Aug. 18, 2023, 7:57 PM

‘Swifties,’ ‘Beyhivers’ Bring Tax Revenue Boost Wherever They Go

Laura Mahoney
Laura Mahoney

The week in state tax news: Cities hosting Taylor Swift and Beyoncé concerts can expect tax revenue boosts as ‘Swifties’ and ‘Beyhivers’ open their wallets for more than just tickets and merchandise. Meanwhile, California cities agree to rein in tax sharing deals with retailers that create windfalls for some, and a New York bill to reveal beneficial owners of LLCs may not be tough enough.

Santa Clara City Council members were so excited when Taylor Swift came to town for two nights of sold-out shows at Levi’s Stadium in July that they temporarily renamed the city Swiftie Clara and made ...

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