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 legislation adds mixed‑use developments with large performance venues (2,500 seats or more) to the list of qualified public use facilities in Tennessee’s tourism tax law. It also permits municipalities or public authorities that receive sales‑tax allocations for such facilities to spend the money on any purposes authorized by the same tax statutes. This change aims to give local leaders more flexibility in financing tourism‑related projects.

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