Amends Shelby County hotel occupancy tax provisions, repealing the tax upon certain conditions related to the Cook Convention Center and NBA.

This bill amends the Shelby County hotel occupancy tax provisions, repealing the tax upon the later of: (i) the time when a National Basketball Association franchise is no longer a tenant of an indoor sports facility and (ii) June 30, 2050. It also modifies the allocation of tax revenues, assigning 61.25% to the CVB and 38.75% to the County when an indoor sports facility is no longer occupied by an NBA franchise. The bill requires approval by a two-thirds vote of the Shelby County legislative body.

Amends Shelby County hotel occupancy tax provisions, repealing the tax upon certain conditions related to the Cook Convention Center and NBA.

This bill amends the Shelby County hotel occupancy tax provisions, repealing the tax upon the later of: (i) the time when a National Basketball Association franchise is no longer a tenant of an indoor sports facility and (ii) June 30, 2050. It also modifies the allocation of tax revenues, assigning 61.25% to the CVB and 38.75% to the County when an indoor sports facility is no longer occupied by an NBA franchise. The bill requires approval by a two-thirds vote of the Shelby County legislative body.