Taxes - As enacted, adds to the definition of a "qualified public use facility" as used in the Local Tourism Development Zone Business Tax Act a mixed-use development containing a performance venue with a seating capacity of at least 2,500; authorizes a municipality or public authority that has financed a qualified public use facility within a tourism development zone and that qualifies for an allocation of sales tax revenue from within that zone under the Convention Center and Tourism Develo...

Summary

The measure expands the definition of a “qualified public use facility” to include mixed‑use developments that contain a performance venue with at least 2,500 seats (or a sports complex with ten fields) and cost $300 million or more. It also permits cities or public authorities that receive sales‑tax allocations for such projects to spend the money on any purposes allowed under the existing tourism financing statutes. The changes aim to give local governments more flexibility in financing major tourism‑related developments.

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