HB4183 - Tennessee: Public Funds And Financing, Taxes, Sales
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Companion Bill SB4120. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB4183 / SB4120Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...]
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Fiscal Notes
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