FL S0330

Revises professional sporting events exempt from Florida's admissions tax to include Major League Soccer all-star games and expands NBA all-star event exemptions to include all NBA-produced all-star events held at facilities like arenas and convention centers.

Consolidates and renumbers existing admissions tax exemptions while replacing "shall" and "shall not" language with "may" and "must" for statutory clarity.

Maintains $1.5 million cap on admissions tax exemptions for live theater, opera, and ballet productions sponsored by qualifying nonprofit organizations, with individual organization exemptions capped at 6 percent of their admissions receipts.

Preserves existing exemptions for educational institution events, not-for-profit organizations, government-sponsored events, collegiate tournament games, and postseason NCAA football games.

Takes effect July 1, 2014.