CHARLOTTE -- A new state bill would give major tax breaks to the Carolina Panthers since they own Bank of America Stadium but not the land its sitting on. This comes just a month after NFL owners approved David Tepper as the team's new owner.

• The team leases that land from the City of Charlotte for $1 a year
• In 2017, the panthers paid $1.8 million in property taxes for the value of the stadium itself
• One representative says it could cost the county about $300,000 a year

Currently, the team leases that land from the City of Charlotte for $1 a year.

In 2017, the panthers paid $1.8 million in property taxes for the value of the stadium itself. But that doesn't include the thousands of dollars in property taxes, the team pays on the value of the land.

Charlotte city council members are still processing the potential impact of this measure on the city.

“I think the main issue now is we're trying to see where we're going with the panthers. There hasn't been a discussion on council about this bill and how it affects us exactly,” said Ed Driggs, (R) Charlotte City Council.

During debates at the state house this week, Mecklenburg County Representative Bill Brawley said if the measures passes, it could cost the county about $300,000 a year.

As for city council, it’s a game of wait and see.

“I think you have to look the impact and how the state, the county and the city all get some. I think we need to do our homework,” said James Mitchell, (D) Charlotte City Council.

Lawmakers passed the bill Friday and now it heads to the Governor's desk.