SB 2890

Taxes, Sales - As enacted, changes from 400,000 to 360,000 the county population threshold that would authorize a municipality that has a minor league baseball stadium placed into service between December 31, 2020, and December 31, 2025, in such county to receive and apportion tax revenue derived from the sale of admission to events occurring within the stadium and from all sales of food, drinks, merchandise, and parking sold from a location on the premises of the stadium in conjunction with events occurring within the stadium to be used to pay debt service for the stadium; adds, for purposes of the special allocation 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; adds and revises other related provisions. - Amends TCA Title 67, Chapter 6.