Amends the privilege tax on hotel occupancy in Shelby County, Tennessee, by removing certain language related to bond payments and revenue allocation.

This bill amends the privilege tax on hotel occupancy in Shelby County, Tennessee, by deleting specific language in the tax code. It removes references to "ticket shortfall" and modifies the allocation of tax revenues once a National Basketball Association franchise ceases to be a tenant of an indoor sports facility. The bill also changes the conditions under which the tax will be repealed. The changes will only take effect if approved by a two-thirds vote of the Shelby County legislative body.

Amends the privilege tax on hotel occupancy in Shelby County, Tennessee, by removing certain language related to bond payments and revenue allocation.

This bill amends the privilege tax on hotel occupancy in Shelby County, Tennessee, by deleting specific language in the tax code. It removes references to "ticket shortfall" and modifies the allocation of tax revenues once a National Basketball Association franchise ceases to be a tenant of an indoor sports facility. The bill also changes the conditions under which the tax will be repealed. The changes will only take effect if approved by a two-thirds vote of the Shelby County legislative body.