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2023 SESSION

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SB 1258 Sales tax revenues; entertainment arena.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Sales tax revenues; entertainment arena. Adds entertainment arena to the definition of public facility for the purpose of allowing a locality to collect all sales tax revenues generated by transactions at such a facility, provided that a locality owns the facility, wholly or partly, and contributes to financing its construction. The bill also allows a municipality to issue bonds to finance a public facility on or after July 1, 2023, but prior to July 1, 2026. The provisions of the bill do not become effective unless reenacted by the 2024 Session of the General Assembly.


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