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2023 SESSION
HB 1741 Sales tax revenues; entertainment arena, adds entertainment arena to definition of public facility.
Introduced by: Angelia Williams Graves | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
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, and provides that a municipality is entitled to all sales tax revenues generated by transactions generating revenues in connection with the development and construction of such public facility, in addition to transactions taking place in such public facility.
FULL TEXT
HISTORY
- 01/09/23 House: Prefiled and ordered printed; offered 01/11/23 23102630D
- 01/09/23 House: Referred to Committee on Finance
- 01/19/23 House: Assigned Finance sub: Subcommittee #2
- 01/31/23 House: Subcommittee recommends reporting (6-Y 2-N)
- 01/31/23 House: Subcommittee recommends referring to Committee on Appropriations
- 02/01/23 House: Reported from Finance (12-Y 10-N)
- 02/01/23 House: Referred to Committee on Appropriations
- 02/03/23 House: Tabled in Appropriations (11-Y 10-N)