HB3919 - Tennessee - Sports, Taxes, Taxes, Exemption And Credits

Sports - Modifies certain statutory provisions pertaining to sports authorities and tax incentives. - Amends TCA Title 7, Chapter 67; Title 67, Chapter 4 and Title 67, Chapter .

Decrease State Revenue - $157,500 Increase Local Revenue - $157,500 Other Fiscal Impact - Additional foregone state revenue, and offsetting increases to local government revenue, of unknown amounts if additional Southern Professional Hockey League teams locate in Tennessee as a result of this legislation. In addition, there could be a subsequent decrease of state revenue of an unknown amount estimated to exceed $50,000 in FY11-12 occurring as a result of extending the deadline for creating a required number of jobs in order to be eligible for job tax credits.