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2009 SESSION

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HB 1803 Retail Sales and Use Tax; revenues generated on premises of new stadium to be used to pay bonds.

Introduced by: G. Manoli Loupassi | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Sales and use tax; entitlement to certain revenues.  Sets aside certain sales tax revenues generated by transactions occurring on the premises of a stadium for a minor league professional baseball affiliated team, with such revenues to be used to repay any bonds issued to finance the construction of such stadium.  The bonds must be issued on or after July 1, 2009, but before July 1, 2012.


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