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House Bill 1846

House Bill 1846

ARCHIVE (2005)

Latest Information

DIGEST OF HB1846 (Updated February 28, 2005 11:46 pm - DI 84)

Football stadium funding. Increases the tax rate on wagering revenue in excess of $150,000,000 from 35% to 36% and allocates $8,000,000 annually to a new football stadium in Marion County. Permits Marion County for the purposes of financing a new football stadium to: (1) increase the rate of the county supplemental auto rental excise tax from 2% to 4%; (2) increase the rate of the innkeeper's tax to 9%; (3) impose an additional $10 county admissions tax on admissions to a new football stadium; (4) impose a 2% professional sports team excise tax on professional teams that use a new football stadium; and (5) impose a luxury suite tax on the rental of luxury suites in a football stadium. Requires the bureau of motor vehicles to issue one or more capital improvement board team license plates to fund a new football stadium in Marion County. Increases the annual amount of state revenue that may be captured by a professional sports development area in Marion County from $5,000,000 per year to $12,000,000 per year. Makes other changes.
Current Status:
Passed 2nd reading - first House
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