Amends TCA Title 67, Chapter 6.

Present law generally requires that sales and use tax revenue be allocated as follows: (1) 29.0141 percent to the general fund; (2) 65.0970 percent to educational purposes; and (3) 4.6030 percent to incorporated municipalities based on population. Present law makes several special allocations of sales and use tax revenue, one of which is that a municipal sports authority that secures a major league professional baseball (American or National League), football (National Football League or Canadian Football League, or its successors or assigns), basketball (National Basketball Association), soccer (Major League Soccer), or major or minor league professional hockey (National Hockey League, or Central Hockey League or East Coast Hockey League) franchise for that municipality, and only if the municipality or any board or instrumentality of the municipality reimburses the state for any costs to reallocate apportionments of the sales and use tax revenue, then an amount is apportioned and distributed to the municipality equal to the amount of state tax revenue derived from the sale of admissions to events of the major or minor league professional sports franchise and also the sale of food and drink sold on the premises of the sports facility in conjunction with those games, parking charges, and related services, as well as the sale by the major or minor league professional sports franchise within the county in which the games take place of authorized franchise goods and products associated with the franchise's operations as a professional sports franchise. The amount distributed to the municipality is for the exclusive use of the sports authority. This bill adds minor league professional soccer (United Soccer League) to the types of franchises that qualify for the special allocation of sales and use tax revenue.