SB3963 - Tennessee - Taxes, Sales

Companion Bill HB3837. Taxes, Sales - Increases revenue distribution to entities responsible for debt retirement on qualified baseball and softball complex from certain sales occurring at such complex. - Amends TCA Section 67-6-103. Fiscal Summary for SB3963 / *HB3837 Decrease State Revenue - $350,000 Other Fiscal Impact - The decrease of state revenue noted above would be earmarked for paying debt service incurred to construct the qualified baseball and softball complexes. If the qualified baseball and softball complexes are owned by local governments, then $112,500 of local government revenue would be earmarked for paying debt service incurred to construct the qualified baseball and softball complexes. If the qualified baseball and softball complexes are owned by private entities, then local governments would experience a decrease of revenue estimated to be $112,500 [...]

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