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FL H0165
Bill
Status
Failed
5/3/2013
Primary Sponsor
Daphne Campbell
Click for details
AI Summary
- Authorizes counties to impose an additional tourist development tax (up to 1%) for financing professional sports franchise facility renovations, subject to county commission approval and voter referendum
- Requires renovation projects to cost more than $300 million with private sources funding more than 50% of construction costs (excluding in-kind contributions)
- Establishes "professional sports franchise renovation facility" definition for facilities continuously hosting a league-authorized franchise for at least 20 years
- Provides $250,000 monthly sales tax distributions to certified renovation facilities for debt service and facility operation/maintenance costs
- Exempts charter counties imposing convention development taxes from the 2% tourist tax cap for the additional tax authorized by this bill
- Effective date: July 1, 2013
Legislative Description
Professional Sports Franchise Facilities
Last Action
Died in Appropriations Committee
5/3/2013
Committee Referrals
Appropriations4/5/2013
Economic Affairs3/12/2013
Finance and Tax Subcommittee1/23/2013
Full Bill Text
No bill text available