Senate File 167

                                       SENATE FILE       
                                       BY  WARNSTADT


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the distribution to a city or county of state
  2    sales tax collected at events sponsored by a private entity
  3    and the city or county and making an appropriation.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1472XS 80
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PAG LIN

  1  1    Section 1.  Section 422.43, subsection 8, Code 2003, is
  1  2 amended to read as follows:
  1  3    8.  All Except as provided in section 422.47A, revenues
  1  4 arising under the operation of the provisions of this section
  1  5 shall become part of the state general fund of the state.
  1  6    Sec. 2.  NEW SECTION.  422.47A  LOCAL EVENTS FACILITY FUND
  1  7 == SALES TAX REVENUES.
  1  8    1.  A city or county shall receive one=half of the state
  1  9 sales tax collected from admissions to and activities
  1 10 occurring at a tourism, cultural, recreational, entertainment,
  1 11 or educational event if both of the following conditions are
  1 12 met:
  1 13    a.  The event is sponsored by a private entity in
  1 14 conjunction with the city or county or agency of the city or
  1 15 county.  This paragraph does not require the city or county or
  1 16 its agency to assist in financing the event.
  1 17    b.  The city or county certifies and remits the amount of
  1 18 state sales tax collected within three months of the date on
  1 19 which the event closes.
  1 20    2.  Upon receipt of state sales tax revenues derived from
  1 21 admissions to and activities at events meeting the criteria
  1 22 specified in subsection 1, the director shall credit one=half
  1 23 to the general fund of the state and one=half to the city's or
  1 24 county's account, as applicable, in a local events facility
  1 25 fund.  A local events facility fund is established in the
  1 26 state treasury under the control of the department.
  1 27    3.  There is appropriated from the local events facility
  1 28 fund for each fiscal year to the city or county the amount in
  1 29 its account in the fund which was credited during the previous
  1 30 fiscal year.  Payments pursuant to this subsection shall be
  1 31 made by September 15 of the fiscal year.  Moneys received by a
  1 32 city or county pursuant to this subsection shall be used by it
  1 33 for the promotion of events to be held at the facility and at
  1 34 the discretion of the city or county for the maintenance and
  1 35 improvement of the facility.
  2  1                           EXPLANATION
  2  2    This bill appropriates to a city or county one=half of the
  2  3 state sales tax collected on the admissions to and activities
  2  4 occurring at tourism, cultural, recreational, entertainment,
  2  5 or educational events which are sponsored by the local
  2  6 government and a private entity.  The sales tax revenues are
  2  7 certified by the local government as coming from admissions to
  2  8 and activities occurring at the event.  The department of
  2  9 revenue and finance credits one=half of such revenues to a
  2 10 special account in a local events facility fund.  The city or
  2 11 county receives the amount credited in the fiscal year by
  2 12 September 15 of the following fiscal year.  The moneys
  2 13 received by the local government shall be used to promote
  2 14 events to be held at the facility and to maintain and improve
  2 15 the events facility.
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