Amends TCA Title 67, Chapter 6.
Tennessee HB0397 proposes a special allocation of state and local sales tax revenue to a stadium in Hamilton County, contingent upon the stadium hosting NCAA Division I FCS football games, international and high school soccer events, and local/regional activities. The bill stipulates that the allocated funds, derived from event admissions and related sales, must be used exclusively for capital projects and operational expenses of the stadium, with allocations continuing until the debt service is retired or until July 1, 2055, whichever comes first. The governing entity of the stadium is required to reimburse the state for the costs associated with reallocating the tax revenue.
Tennessee HB0397 proposes a special allocation of state and local sales tax revenue to a stadium in Hamilton County, contingent upon the stadium hosting NCAA Division I FCS football games, international and high school soccer events, and local/regional activities. The bill stipulates that the allocated funds, derived from event admissions and related sales, must be used exclusively for capital projects and operational expenses of the stadium, with allocations continuing until the debt service is retired or until July 1, 2055, whichever comes first. The governing entity of the stadium is required to reimburse the state for the costs associated with reallocating the tax revenue.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records