Steve Austin better known by his ring name “Stone Cold” Steve Austin, producer, and retired professional wrestler signed to WWE has joined the growing list of professional athletes supporting LGBT rights. Austin on his radio show spoke out in favor of gay marriage in no nonsense. straight to the point way that “Stone Cold” is famous for. (Language NWSF)
The Stamford-based WWE empire received about $37 million in state tax credits for staging and recording its wrestling spectacles dating back to July of 2009, state officials reported Friday.
The state Department of Economic and Community Development (DECD), in response to a request by Hearst Connecticut Newspapers, indicated that the WWE has received 20 separate tax credits totaling $36.7 million.
Three of the 20 credits, awarded as part of state legislation aimed at fostering film, TV and digital production in the state, totaled more than $5 million each in 2010, 2011 and 2012, according to a summary released under the state’s Freedom of Information Act.
Jim Watson, spokesman for the DECD, said Friday that the credits were granted, without strings, based on how much money the WWE had spent in Connecticut on producing its events.
“There are no job creation or retention requirements for them to earn the credits,” Watson said. “The credits are awarded based on qualified expenditures made in the state.”