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House Bill 1231


House Bill 1231

ARCHIVE (2000)

Latest Information

 

DIGEST OF HB1231 (Updated February 15, 2000 2:24 PM - DI 58)


Professional sports and convention areas. Makes changes regarding the professional sports and convention development tax area law applicable outside Marion County to require that at least one facility must be used by a professional sports franchise (this requirement does not apply to a tax area located in Fort Wayne), that facilities for convention or tourism related events must serve national or regional markets, and that an agreement must exist regarding tax distributions if there is a mix of facility owners. Eliminates food and beverage taxes as "covered taxes" that are deposited in the professional sports and convention development area fund. Provides that only those covered taxes attributable to the convention or sports related facilities may be allocated to the fund. Allows the governing body of a school corporation to establish as part of a professional sports and convention development area a facility owned by a county building authority. Expands the types of facilities that may be included in an area. Requires that a professional sports facility be included in Allen, Elkhart, Lake, St. Joseph, Vanderburgh, and Vigo counties. Limits the designation of areas to one per county.
Current Status:
 Vetoed
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