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2014 SESSION
SB 579 Retail Sales and Use Tax; revenues from certain baseball facilities.
Introduced by: Richard H. Stuart | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Sales and use tax; revenues from certain baseball facilities. Adds to the definition of "public facility," for the purpose of entitlement to certain sales tax revenues, a sports complex consisting of a minor league baseball stadium and related tournament, training, and parking facilities, a part of which is owned by the City of Fredericksburg. The bill provides that the entitlement to sales tax revenues would be limited to the repayment of bonds issued for the municipality-owned component of the sports complex. The bill also eliminates from the definition of "public facility" a sports facility that is designed for use primarily as a baseball stadium for a minor league professional baseball team.
SUMMARY AS INTRODUCED:
Sales and use tax; revenues from certain baseball facilities. Adds to the definition of "public facility," for the purpose of entitlement to certain sales tax revenues, a sports complex consisting of a minor league baseball stadium and related tournament, training, and parking facilities, a part of which is owned by the City of Fredericksburg.