Senate File 191 - Introduced 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 2644XS 81 6 mg/sh/8 PAG LIN 1 1 Section 1. Section 423.2, subsection 10, Code 2005, is 1 2 amended to read as follows: 1 3 10.AllExcept as provided in section 423.4A, revenues 1 4 arising under the operation of the provisions of this section 1 5 shall be deposited into the general fund of the state. 1 6 Sec. 2. NEW SECTION. 423.4A 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 to the 1 18 department the amount of state sales tax collected within 1 19 three months of the date on 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 of the revenues to the general fund of the state and one=half 1 24 to the city's or county's account, as applicable, in a local 1 25 events facility fund. A local events facility fund is 1 26 established in the state treasury under the control of the 1 27 department. 1 28 3. There is appropriated from the local events facility 1 29 fund for each fiscal year to the city or county the amount in 1 30 its account in the fund which was credited during the previous 1 31 fiscal year. Payments pursuant to this subsection shall be 1 32 made by September 15 of the fiscal year. Moneys received by a 1 33 city or county pursuant to this subsection shall be used for 1 34 the promotion of events to be held at the local events 1 35 facility and at the discretion of the city or county for the 2 1 maintenance and improvement of the local events facility. 2 2 Sec. 3. Section 423.43, subsection 3, Code 2005, is 2 3 amended to read as follows: 2 4 3. All other revenuearisingderived from the use tax 2 5 under the operation of this chapter shall be credited to the 2 6 general fund of the state. 2 7 EXPLANATION 2 8 This bill appropriates to a city or county one=half of the 2 9 state sales tax collected on the admissions to and activities 2 10 occurring at tourism, cultural, recreational, entertainment, 2 11 or educational events which are sponsored by the local 2 12 government and a private entity. The sales tax revenues are 2 13 to be certified by the local government as coming from 2 14 admissions to and activities occurring at the event. The 2 15 department of revenue shall credit one=half of such revenues 2 16 to a special account in a local events facility fund. The 2 17 city or county shall receive the amount credited in the fiscal 2 18 year by September 15 of the following fiscal year. The moneys 2 19 received by the local government shall be used to promote 2 20 events to be held at the local events facility and to maintain 2 21 and improve the local events facility. 2 22 LSB 2644XS 81 2 23 mg:nh/sh/8