Tourism zones; tax revenues for tourism projects. (SB975)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Tourism zones; tax revenues for tourism projects. Decreases from 80 percent to 70 percent the share of the total cost of a tourism project that the project must have in place before being eligible to receive a percentage of the state and local sales tax revenues generated on the premises of the project, to be used towards debt service to bridge the gap between available debt and equity and the expected costs of the project. Read the Bill »

Status

02/04/2015: Merged into SB1401

History

DateAction
01/10/2015Prefiled and ordered printed; offered 01/14/15 15102396D
01/10/2015Referred to Committee on Finance
01/22/2015Impact statement from TAX (SB975)
02/04/2015Incorporated by Finance (SB1401-Norment) (14-Y 0-N) (see vote tally)