Amends TCA Title 67, Chapter 6.

ON APRIL 27, 2022, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2609, AS AMENDED.<br /> <br /> AMENDMENT #1 adds, for purposes of the special allocation of sales tax revenue described above in the abstract, that a team is deemed to locate in a municipality if the team relocates from an existing stadium to a new stadium within the municipality and does not relocate outside the municipality, and a municipality is deemed to construct a new stadium for the franchise if any public instrumentality of the municipality owns and contracts to construct the new stadium. This amendment also extends from December 31, 2025, to December 31, 2026, the date by which the stadium must be placed in service and extends the applicable date for termination of the allocation from June 30, 2053, to June 30, 2055 (which is just one terminating event under present law, with the first to occur being the time at which the allocation ceases).<br /> <br /> This amendment adds in the provision governing the local sales and use tax revenue allocations for a franchise for a minor league affiliate of a major league baseball team (American or National League) playing at the Class AA level or higher that locates in a municipality in this state where the municipality constructs a new stadium for the franchise that the county and the city in which the stadium is located are authorized to agree by interlocal agreement for that portion of the local sales tax that would otherwise be allocated for school purposes to continue to be so allocated and not apportioned and distributed as provided in the special allocation provisions.<br />