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Senate Bill 1424 |
Senate Author: Brimer et al. |
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Effective: 6-16-07 |
House Sponsor: Smith, Todd et al. |
Senate Bill 1424 amends provisions of state law relating to the municipalities authorized to use the other events trust fund to attract certain sporting events. The bill removes certain minimum population requirements from the definition of an endorsing municipality with respect to certain events covered under the other events trust fund. The bill requires the comptroller to provide an estimate of the total tax revenue and of the incremental increase in receipts from a sporting event not later than six months before the date of the game or event on request of a local organizing committee, endorsing municipality, or endorsing county.